What Did We Learn from the Financial Crisis, the Great Recession, and the Pathetic Recovery?

Alan Blinder

Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: This paper comes in three parts. Part 1 reviews a few pertinent facts about the stunning economic events that have occurred in the United States (and elsewhere) since 2007. I choose these particular facts from among many for their relevance to the rest of the paper. The next two parts take up, first, some of the key lessons that we professional economists should have learned from the crisis and its aftermath and, second, some important lessons for teaching economics--especially but not exclusively macroeconomics. The two categories of lessons overlap a bit. But is it perhaps surprising how different they are.

Keywords: recession (search for similar items in EconPapers)
JEL-codes: A11 A22 E32 E43 E44 E52 (search for similar items in EconPapers)
Date: 2014-11
New Economics Papers: this item is included in nep-ban, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: What Did We Learn from the Financial Crisis, the Great Recession, and the Pathetic Recovery? (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pri:cepsud:243

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