Financial Stability Factors and the Severity of the Current Recession [UBS European Virtual Conference]

Eric Rosengren ()

Speech from Federal Reserve Bank of Boston

Abstract: Economic shocks happen, but the severity of the consequences depends on how fragile, or susceptible to financial instability, the economy was prior to the shock. In the U.S., excessive risk-taking behavior prior to COVID-19 is likely to delay the recovery, even though the initial response by fiscal and monetary policymakers was a prompt and substantial mitigant.

Keywords: financial stability; recovery; COVID-19; pandemic; financial imbalances; shock (search for similar items in EconPapers)
Pages: 13
Date: 2020-11-10
Note: Identical remarks were presented later in the day as part of the Annual Robert Glauber Lecture hosted by the Mossavar-Rahmani Center for Business & Government at Harvard University’s Kennedy School of Government
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bostonfed.org/news-and-events/speeches ... rrent-recession.aspx Summary (text/html)
https://www.bostonfed.org/-/media/Documents/Speeches/PDF/20201110-text.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbsp:89268

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Spozio ().