Abstract

  


 



Consumption and the Great Recession


Mariacristina De Nardi


Federal Reserve Bank of Chicago; National Bureau of Economic Research (NBER) - Public Economics

Eric French


Federal Reserve Bank of Chicago

David Benson


Federal Reserve Banks - Federal Reserve Bank of Chicago
February 8, 2012

Economic Perspectives, Vol. 36, No. 1, 2012

Abstract:     
This article addresses why the latest recession featured the most severe and persistent decline in aggregate consumption since WWII and why its recovery path has been so weak.

Number of Pages in PDF File: 16

Keywords: Great Recession, consumption, consumer expectations, Consumption, Saving, Wealth, Business Fluctuations, Cycles

JEL Classification: E21, E32

Accepted Paper Series


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Date posted: March 8, 2012  

Suggested Citation

De Nardi, Mariacristina, French, Eric and Benson, David, Consumption and the Great Recession (February 8, 2012). Economic Perspectives, Vol. 36, No. 1, 2012. Available at SSRN: http://ssrn.com/abstract=2017759

Contact Information

Mariacristina De Nardi (Contact Author)
Federal Reserve Bank of Chicago ( email )
Research Department
230 South LaSalle Street
Chicago, IL 60604
United States
312 322 5769 (Phone)
312 322 2357 (Fax)
HOME PAGE: http://www.nber.org/~denardim
National Bureau of Economic Research (NBER) - Public Economics ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
HOME PAGE: http://www.nber.org/~denardim
Eric French
Federal Reserve Bank of Chicago ( email )
230 South LaSalle Street
Chicago, IL 60604-1413
United States
312-322-5322 (Phone)
312-322-5111 (Fax)
David Benson
Federal Reserve Banks - Federal Reserve Bank of Chicago ( email )
230 South LaSalle Street
Chicago, IL 60604
United States
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