Deregulation and the Great Recession: The 1990s and the 2000s

Ranajoy Ray Chaudhuri
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Ranajoy Ray Chaudhuri: The Ohio State University

Chapter Chapter 9 in The Changing Face of American Banking, 2014, pp 111-146 from Palgrave Macmillan

Abstract: Abstract The term Clintonomics has often been used to describe the economic policies pursued by the economic team of President Bill Clinton. The Clinton years were some of the best years in the recent economic history of the United States. After the massive financial upheavals of the late eighties and early nineties, the economy settled into a period of steady growth and stable deficits. All the main candidates had campaigned on the platform of bringing down the budget deficit and limiting increases to the national debt to varying degrees, and Clinton delivered. The GDP per capita increased, homeownership rates went up, the unemployment and inflation rates dropped, the national debt diminished, and the country saw a budget surplus for the first time in decades. The president could boast of having created the most jobs under any single administration.

Keywords: Interest Rate; House Price; Federal Reserve; Great Recession; National Debt (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36121-9_9

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DOI: 10.1057/9781137361219_9

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