The Great Depression and the Great Recession: A Comparative Analysis of their Analogies
The decades preceding the Great Depression and the U.S. subprime mortgage crisis have close similarities. Both decades were characterized by rapid growth without major contractions, by an increase in liquidity, a lack of inflation, and a generalized decrease in risk premiums. Additional similarities...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2014-06-01
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| Series: | The European Journal of Comparative Economics |
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| Online Access: | http://eaces.liuc.it/18242979201401/182429792014110102.pdf |