Results 1 - 19 of 19 for recession [Author: Carlos Garriga]
Reconstructing the Great Recession - Review
This article uses dynamic equilibrium input-output models to evaluate the contribution of the construction sector to the Great Recession and the expansion preceeding it. Through production interlinkages and demand complementarities, shifts in housing demand can propagate to other economic sectors and generate a large and sustained aggregate cycle.
research.stlouisfed.org/publications/review/2020/07/31/reconstructing-the-great-recession
Household Debt and the Great Recession - Review
In the mid-2000s, household private debt reached a new level 1.2 times larger than personal income—before collapsing during the Great Recession. This article uses microeconomic data to document the main changes in personal debt and explore the behavior of debt across generations over two periods: before and after the Great Recession.
research.stlouisfed.org/.../publications/review/2017-04-12/household-debt-and-the-great-recession
Predicting the Yield Curve Inversions that Predict Recessions: Part 2 - Economic Synopses
Expectations of housing market conditions should be considered when forecasting recessions.
research.stlouisfed.org/.../predicting-the-yield-curve-inversions-that-predict-recessions-part-2
Predicting the Yield Curve Inversions that Predict Recessions: Part 1 - Economic Synopses
Current macroeconomic indicators generally decrease before recessions, but not before yield curve inversions.
research.stlouisfed.org/.../predicting-the-yield-curve-inversions-that-predict-recessions-part-1
The Geography of Housing Market Liquidity During the Great Recession - Review
Using detailed micro data at the ZIP code level, this article explores the regional variation in housing market performance to account for the severity of the Great Recession. The granularity of the data, relative to a more traditional analysis at the county level, is useful for evaluating the performance of the housing market because credit and local macroeconomic variables are tied to housing valuations.
research.stlouisfed.org/.../the-geography-of-housing-market-liquidity-during-the-great-recession
The Homeownership Experience of Minorities During the Great Recession - Review
It has been argued that during the Great Recession, wealth losses were more concentrated for college-educated Black and Hispanic families than for White and Asian college-educated families and their non-college-educated Black and Hispanic peers. This article explores the extent to which the homeownership experience for families who purchased homes between 2004 and 2008 is a potentially important factor in explaining this finding.
research.stlouisfed.org/.../the-homeownership-experience-of-minorities-during-the-great-recession
The Macroeconomy of the U.S. States: On the Road to Recovery? - Economic Synopses
Despite the recent recovery in house prices, most state economies have yet to recover from the Great Recession.
research.stlouisfed.org/.../2013/04/12/the-macroeconomy-of-the-u-s-states-on-the-road-to-recovery
Measuring (Most of) the Slack in the Labor Market - Economic Synopses
Compared with previous recessions, the manufacturing sector does not show much slack. The construction sector, on the other hand, is below potential.
research.stlouisfed.org/.../2014/10/03/measuring-most-of-the-slack-in-the-labor-market
Where Is the Slack in the Labor Market? - Economic Synopses
Current slack in the economy may be caused primarily by the construction sector.
research.stlouisfed.org/.../economic-synopses/2014/05/19/where-is-the-slack-in-the-labor-market
Measuring the Contribution of Construction to the Slow Recovery - Economic Synopses
Recovery of the construction sector seems a necessary ingredient for a strong and sustained recovery of economic activity and a reduction in the unemployment rate.
research.stlouisfed.org/.../02/15/measuring-the-contribution-of-construction-to-the-slow-recovery
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