Abstract

http://ssrn.com/abstract=2017759
 
 

References (10)



 


 



Consumption and the Great Recession


Mariacristina De Nardi


University College London, Economics Dpt.; Federal Reserve Bank of Chicago; National Bureau of Economic Research (NBER) - Public Economics

Eric French


Federal Reserve Bank of Chicago; Department of Economics

David Benson


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 and 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)
University College London, Economics Dpt. ( email )
Gower Street
London WC1E 6BT, WC1E 6BT
United Kingdom
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)
Department of Economics ( email )
Gower Street
London, WC1E 6BT
United Kingdom
David Benson
Federal Reserve Bank of Chicago ( email )
230 South LaSalle Street
Chicago, IL 60604
United States
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