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Dynamics of the Current Crisis

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  • Howard Sherman
  • Michael Meeropol

Abstract

Sometimes, it is useful to take a step back and remind ourselves why recessions occur and why recoveries usually follow shortly thereafter. Having done that, we can try to understand the causes of far more serious recessions and what must be done to recover. The authors point out how such severe recessions, including the Great Recession of 2007 to 2009, differ profoundly from most others.

Suggested Citation

  • Howard Sherman & Michael Meeropol, 2012. "Dynamics of the Current Crisis," Challenge, Taylor & Francis Journals, vol. 55(3), pages 71-89.
    • Handle: RePEc:mes:challe:v:55:y:2012:i:3:p:71-89
    DOI: 10.2753/0577-5132550304
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    1. Howard Sherman, 2011. "Portrait of a Crisis," Journal of Economic Issues, Taylor & Francis Journals, vol. 45(3), pages 703-716.
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