Great Recession
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Economics
China Weathered the Global Recession with an Aggressive Stimulus Package. But Did It Prop Up the Wrong Firms?
A cautionary tale about the unintended consequences of credit expansion.
Researchers: Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
August 1, 2019
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Economics
What Google Is Teaching Economists About Unemployment Insurance
Search data can tell policymakers whether extending unemployment benefits delays job-seeking.
Researchers: Scott R. Baker and Andrey Fradkin
December 5, 2018
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Finance & Accounting
Take 5: How Do Households Manage Fluctuating Finances?
Plus, how policymakers can help them manage better.
Researchers: Janice C. Eberly, Lorenz Kueng, Scott R. Baker, Anthony DeFusco and John Mondragon
February 5, 2018
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Finance & Accounting
Private Equity Helped Firms Weather the Great Recession
A new study shows that debt isn’t always a liability during a financial crisis.
Researchers: Shai Bernstein, Josh Lerner and Filippo Mezzanotti
January 4, 2018
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Policy
Measuring the Impact of Dodd–Frank on Household Leverage
The regulation’s attempt to prevent people from taking on mortgages they can’t repay may not work as intended.
Researchers: Anthony DeFusco, Stephanie Johnson and John Mondragon
December 1, 2017
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Finance & Accounting
Why Are We So Quick to Borrow When the Value of Our Home Rises?
The reason isn’t as simple as just feeling wealthier.
Researchers: Anthony DeFusco
February 3, 2017
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Organizations
Businesses Born in a Recession Tend to Start Smaller and Stay Smaller
Yet there are ways business owners can counter these long-term effects.
Researchers: Sara Moreira
January 5, 2017
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Finance & Accounting
Why Did Car Sales Drop So Dramatically During the Financial Crisis?
Even willing buyers were affected by a credit freeze.
Researchers: Efraim Benmelech, Ralf R. Meisenzahl and Rodney Ramcharan
April 4, 2016
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Finance & Accounting
What Went Wrong at AIG?
Unpacking the insurance giant’s collapse during the 2008 financial crisis.
Researchers: Robert McDonald and Anna Paulson
August 3, 2015
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Finance & Accounting
Is Your Household Liquid Enough?
Ample cash reserves aid households when faced with the unexpected.
Researchers: Scott R. Baker
December 1, 2014
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Policy
The Hidden Benefits of Unemployment Insurance
A pioneering study reveals that the benefits of unemployment insurance include reductions in mortgage defaults and improved access to credit.
Researchers: Joanne W. Hsu, David A. Matsa and Brian Melzer
August 4, 2014
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Finance & Accounting
What Really Spurred the Great Recession?
Globalization and the U.S. dollar are as much to blame as banks.
Researchers: Ravi Jagannathan, Mudit Kapoor and Ernst Schaumburg
July 1, 2013
Finance & Accounting
Debt Markets During the Crisis
Failure to see the big picture led to a breakdown
Researchers: Arvind Krishnamurthy
April 1, 2011