The stock market crash of 2008 caused the Great Recession: Theory and evidence

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...

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Bibliographic details
Volume: 36
Main Author: Farmer, Roger E.A
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 01.05.2012
ELSEVIER SCIENCE BV
published in: Journal of economic dynamics & control Vol. 36; no. 5; pp. 693 - 707
Data of publication: May 2012
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Subjects:
E20
E30
E32
G01
Online Access: available in Bonn?
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2012
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS