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As the tepid economic recovery continues, there has been a fair amount of discussion about the uniqueness of the duration of above-normal unemployment following financial crises. Reinhart and Rogoff were clear on this in This Time is Different and in this article, where they write: “After the Fall,” a 2010 paper written by one of…
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1890s Recession 1937-1938 Recession Recovery
As the tepid economic recovery continues, there has been a fair amount of discussion about the uniqueness of the duration of above-normal unemployment following financial crises. Reinhart and Rogoff were clear on this in This Time is Different and in this article, where they write: “After the Fall,” a 2010 paper written by one of […]