Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107641
Authors: 
Homburg, Stefan
Year of Publication: 
2014
Series/Report no.: 
Discussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz University of Hannover 536
Abstract: 
This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.
Subjects: 
financial crisis
Great Recession
wealth effect
credit crunch
money demand
central bank
JEL: 
E3
E4
G1
Document Type: 
Working Paper

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