Document
Document

... autonomous domestic demand lead growth. ...
NFPA Presentation
NFPA Presentation

... – But few prospects for controlling it ...
(missing) Chapter 20: Great Depression and European Unemployment
(missing) Chapter 20: Great Depression and European Unemployment

... A very different story: no sudden rise in unemployment, just gradual increase over 20 years Dip in unemployment at end of 80s - but inflation acclerated, suggesting natural rate of unemployment has steadily risen Why increasing natural rate? Easy to explain high natural rate, in terms of social bene ...
1 Policy assessment
1 Policy assessment

... The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of vol ...
Outlook for the US Economy in the Coming Year
Outlook for the US Economy in the Coming Year

... ...

Great Recession in Europe

The European recession is part of the Great Recession, which began in the United States. The crisis spread to Europe rapidly and affected much of the region with several countries already in recession as of February 2009, and most others suffering marked economic setbacks. The global recession was first seen in Europe, as Ireland was the first country to fall in a recession from Q2-Q3 2007 – followed by temporary growth in Q4 2007 – and then a two-year-long recession.