economix.blogs.nytimes.com - 10/22/2009
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Recent research questions the claim that the financial panics themselves contributed to their contemporaneous and severe employment downturns, an economist writes.
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Can We Please Shut Down the New York Times's Economix Now?
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... The Panic of ‘08: Recession Cause or Effect?: Recent research questions the claim that the financial panics themselves contributed to their contemporaneous and severe employment downturns... ...
One Interpretation of Recession Causes... with Really Long and Really Variable Lags
Econbrowser —
In an Economix post today, titled "The Panic of '08: Recession Cause or Effect?" Professor Mulligan writes:
...recent research questions the claim that the financial panics themselves contributed to their contemporaneous and severe employment downturns.
The post continues:
The timing was different in this recession -- the largest employment drops seemed to come immediately after the financial panic -- but a recent paper by Ravi Jagannathan, Mudit Kapoor and Ernst Schaumburg of Northwestern argues that the ...
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