Economic Recovery And Employment Growth
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After the Great Recession
Author | : Barry Z. Cynamon |
Publisher | : Cambridge University Press |
Total Pages | : 359 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 1107015898 |
A collection of essays about the US Great Recession of 2007 to 2009 and the subsequent stagnation from prominent scholars.
Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy
Author | : |
Publisher | : |
Total Pages | : 20 |
Release | : 2010 |
Genre | : |
ISBN | : |
The recession that began in late 2007 was long and deep. It is likely to prove to be the worst economic contraction since the 1930s (but still much less severe than the Great Depression). The slowdown of economic activity was moderate through the first half of 2008, but at that point the weakening economy was overtaken by a major financial crisis that would exacerbate the economic weakness and accelerate the decline. Recent evidence suggests that the process of economic recovery has begun. Real gross domestic product (GDP) has been on a positive track since mid-2009. The stock market has recovered from its lows, and employment has increased moderately. On the other hand, significant economic weakness remains evident, particularly in the labor and housing markets. In the typical post-war business cycle, lower than normal growth during the recession is quickly followed by a recovery period with above normal growth. This above normal growth serves to speed up the reentry of the unemployed to the workforce. Once the economy reaches potential output (and full employment), growth returns to its normal growth path where the pace of aggregate spending advances in step with the pace of aggregate supply.
Oregon Blue Book
Author | : Oregon. Office of the Secretary of State |
Publisher | : |
Total Pages | : 232 |
Release | : 1895 |
Genre | : Oregon |
ISBN | : |
Government Policies and the Delayed Economic Recovery
Author | : Lee E. Ohanian |
Publisher | : Hoover Press |
Total Pages | : 263 |
Release | : 2013-09-01 |
Genre | : Political Science |
ISBN | : 0817915362 |
This book examines the reasons for the unprecedented weak recovery following the recent US recession and explores the possibility that government economic policy is the problem. Drawing on empirical research that looks at issues from policy uncertainty to increased regulation, the volume offers a broad-based assessment of how government policies are slowing economic growth and provides a framework for understanding how those policies should change to restore prosperity in America.
The Road to Economic Recovery
Author | : United States. Congress. Joint Economic Committee |
Publisher | : |
Total Pages | : 88 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : |
The Road to Economic Recovery
Author | : United States. Congress. Joint Economic Committee |
Publisher | : |
Total Pages | : 64 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : |
Wage-Led Growth
Author | : Engelbert Stockhammer |
Publisher | : Springer |
Total Pages | : 208 |
Release | : 2013-12-03 |
Genre | : Business & Economics |
ISBN | : 1137357932 |
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Unemployment and Economic Recovery
Author | : Linda Levine |
Publisher | : DIANE Publishing |
Total Pages | : 11 |
Release | : 2010-11 |
Genre | : Business & Economics |
ISBN | : 1437939163 |
Although the economy has begun growing again, it may be a while before the unemployment rate shows steady improvement. The unemployment rate is considered a lagging indicator, meaning that its ups and downs happen some time after the ups and downs of other indicators of economic activity. For example, more than a year elapsed before the unemployment rate trended downward following the end of the 1990-1991 and 2001 recessions. This led the two to be labeled jobless recoveries. By contrast, after four earlier recessions the unemployment rate began a sustained decline within four to five months. This report examines the relationship between economic growth and the unemployment rate to anticipate possible future developments.