New Posts
  • Hi there guest! Welcome to PoliticalJack.com. Register for free to join our community?

Bernanke blows Obamanomics out of the water...

Lukey

Senator
This paper studies the behavior of recoveries from recessions across 59 advanced and emerging market economies over the past 40 years. Focusing specifically on the performance of output after the recession trough, we find little or no difference in the pace of output growth across types of recessions. In particular, banking and financial crisis do not affect the strength of the economic rebound, although these recessions are more severe, implying a sizable output loss. However, recovery does change with some characteristics of recession. Recoveries tend to be faster following deeper recessions, especially in emerging markets, and tend to be slower following long recessions.

So much for all their justifying of the slow recovery because of how "special" the 2008 recession was...

http://www.federalreserve.gov/pubs/ifdp/2011/1037/default.htm
 
Top