The Current Economic Recession: How Long, How Deep, and How Different From the Past?

Marc Labonte · Gail E. Makinen

11 citations0/0 files storedUniversity of North Texas Digital Library (University of North Texas)

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Monetary Policy and Economic Impact Global Financial Crisis and Policies Economic Theory and Policy

Abstract

This report examines the current recession and recessions of the previous three decades in detail. It gives a brief overview of the other post-war recessions. It outlines the fiscal and monetary policy response to each recession. It also looks at theories of why recessions occur. The report concludes by asking the question that many commentators in the news have asked recently: is this recession different from the past?

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