Transcription of The Great Recession of 2008-2009: Causes, Consequences …
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The Great Recession of 2008-2009: Causes, Consequences …
DISCUSSION PAPER SERIESF orschungsinstitut zur Zukunft der ArbeitInstitute for the Study of Labor The Great Recession of 2008-2009: Causes, Consequences and Policy ResponsesIZA DP No. 4934 May 2010 Sher VerickIyanatul Islam The Great Recession of 2008-2009: Causes, Consequences and Policy Responses Sher Verick International Labour Office (ILO) and IZA Iyanatul Islam International Labour Office (ILO) and Griffith University Discussion Paper No. 4934 May 2010 IZA Box 7240 53072 Bonn Germany Phone: +49-228-3894-0 Fax: +49-228-3894-180 E-mail: Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business.
What is the way forward in a post-crisis world? These are the questions that are probed in this paper. In raising these questions and seeking to respond to them, the paper does not intend to offer a blueprint for a post-crisis world, nor ... era of low volatility (known as the ‘Great Moderation’). ...
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