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The 2007 crisis and countercyclical policy

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  • Joan O'Connell

Abstract

Purpose - The purpose of the paper is to outline the global financial and economic crisis that began in 2007, together with the macroeconomic policy changes that were put in place as a result. Design/methodology/approach - The content is partly descriptive and partly analytical. Findings - The paper sets out the history of the financial and economic crisis to date. Originality/value - This is determined by the subject matter, and consists mainly in the manner in which the material is presented.

Suggested Citation

  • Joan O'Connell, 2010. "The 2007 crisis and countercyclical policy," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 27(2), pages 148-160, June.
    • Handle: RePEc:eme:sefpps:v:27:y:2010:i:2:p:148-160
    DOI: 10.1108/10867371011048634
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    References listed on IDEAS

    as
    1. Stephen G. Cecchetti, 2009. "Crisis and Responses: The Federal Reserve in the Early Stages of the Financial Crisis," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 51-75, Winter.
    2. Barro Robert J, 2009. "Demand Side Voodoo Economics," The Economists' Voice, De Gruyter, vol. 6(2), pages 1-4, February.
    3. Michael V. White & Kurt Schuler, 2009. "Retrospectives: Who Said "Debauch the Currency": Keynes or Lenin?," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 213-222, Spring.
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