The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence
收藏NBER2011-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17479
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资源简介：
This paper argues that the stock market crash of 2008, triggered by a collapse in house prices, caused the Great Recession. The paper has three parts. First, it provides evidence of a high correlation between the value of the stock market and the unemployment rate in U.S. data since 1929. Second, it
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
