1 / 7

The Great Recession, The Weak Recovery, What’s Next?

The Great Recession, The Weak Recovery, What’s Next?. What happened and why? What policies have been implemented to restore prosperity? What should have been done? What should be done now? Why do economists disagree about the correct policy? What is Happening in Europe

aldan
Download Presentation

The Great Recession, The Weak Recovery, What’s Next?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Great Recession, The Weak Recovery, What’s Next? • What happened and why? • What policies have been implemented to restore prosperity? • What should have been done? • What should be done now? • Why do economists disagree about the correct policy? • What is Happening in Europe • How do events in Europe affect the US?

  2. Rules for Productive Debate • Avoid ad hominem attacks • Discuss consequences, not motives • C not M • Understand both sides • Patience

  3. What Are The Problems? • Slow growth • High Unemployment • Debt • Deficit • Growing inequality • Low saving

  4. What Policies Have Been Used? • Fiscal policy • Spending • Taxes • Monetary policy • Interest rates • Money supply • Quantitative easing • Regulation

  5. Financial vs. Real Economy • Real economy • Goods and services • Financial economy • Financial assets

  6. The US Financial Sector: What Went Wrong? • Housing bubble • Causes of the bubble • Causes of the collapse of the housing bubble • Causes of the collapse of the financial sector • Reckless Endangerment by Gretchen Morgenson and Joshua Rosner • Too Big to Fail by Andrew Ross Sorkin

  7. What Happened to the Real Economy? • GDP down • Income down • Consumption and investment down • Wealth down • Real estate • Financial assets • Unemployment up • International recession • International trade down

More Related