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Brookings Papers on Economic Activity· 2012Q1

Disentangling the Channels of the 2007–09 Recession

James H. Stock, Mark W. Watson

Short summary

The 2007-09 US recession's shocks were historically predictable, primarily driven by financial disruptions and uncertainty, with oil shocks and tight monetary policy also contributing.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance