Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Understanding The Great RecessionISBN13:9781508806387ISBN10:1508806381Author:Board of Governors of the Federal Reserv (Author)Description:(This is a RePrint) - We Argue That The Vast Bulk Of Movements In Aggregate Real Economic Activity During The Great Recession Were Due To Nancial Frictions Interacting With The Zero Lower Bound We Reach This Conclusion Looking Through The Lens Of A New Keynesian Model In Which Rms Face Moderate Degrees Of Price Rigidities And No Nominal Rigidities In The Wage Setting Process Our Model Does A Good Job Of Accounting For The Joint Behavior Of Labor And Goods Markets, As Well As In Ation, During The Great Recession According To The Model The Observed Fall In Total Factor Productivity And The Rise In The Cost Of Working Capital Played Critical Roles In Accounting For The Small Size Of The Drop In In Ation That Occurred During The Great Recession Binding:Paperback, PaperbackPublisher:Createspace Independent Publishing PlatformPublication Date:2015-03-10Weight:0.29 lbsDimensions:0.1'' H x 11.02'' L x 8.5'' WNumber of Pages:46Language:English
Price: 14.65 USD
Location: USA
End Time: 2024-11-22T09:24:56.000Z
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Book Title: Understanding the Great Recession
Number of Pages: 46 Pages
Language: English
Publisher: CreateSpace
Publication Year: 2015
Topic: United States / General
Item Height: 0.1 in
Genre: History
Item Weight: 6.1 Oz
Item Length: 11 in
Author: Board of Board of Governors of the Federal Reserve System
Item Width: 8.5 in
Format: Trade Paperback