Reconstructing the Great Recession
Michele Boldrin (),
Carlos Garriga (),
Adrian Peralta-Alva () and
Review, 2020, vol. 102, issue 3, 271-311
This article uses dynamic equilibrium input-output models to evaluate the contribution of the construction sector to the Great Recession and the expansion preceeding it. Through production interlinkages and demand complementarities, shifts in housing demand can propagate to other economic sectors and generate a large and sustained aggregate cycle.
JEL-codes: E22 E32 O41 (search for similar items in EconPapers)
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Working Paper: Reconstructing the great recession (2012)
Working Paper: Reconstructing the Great Recession (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:88594
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