Understanding the Great Recession
Published Date
Copyright 2015
DOI 10.1257/mac.20140104
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Copy CitationLawrence J. Christiano, Martin S. Eichenbaum, and Mathias Trabandt, Lessons from the Financial Crisis for Monetary Policy (American Economic Journal: Macroeconomics, Volume 7, no. 1, 2013), chap. 5, https://www.nber.org/books-and-chapters/lessons-financial-crisis-monetary-policy/understanding-great-recession.
Published From Paper
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Working Paper
We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to...
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