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Economic rebounds in U.S. and euro zone: deceivingly similar, strikingly different

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Abstract

The global downturn following Lehman Brothers? failure in September 2008 has become known as the Great Recession for good reason: It was the most severe global economic contraction since the Great Depression. As the dust settles, patterns among key macroeconomic variables have emerged. Identifying them may make it possible to understand the nature of the downturn and, thus, determine which policies might best address its fallout.

Suggested Citation

  • Anthony Landry & Carlos E. Zarazaga, 2012. "Economic rebounds in U.S. and euro zone: deceivingly similar, strikingly different," Economic Letter, Federal Reserve Bank of Dallas, vol. 7(3), February.
    • Handle: RePEc:fip:feddel:y:2012:i:feb:n:v.7no.3
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