The diverse impacts of the great recession

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Makoto Nakajima;
  • Subject: Recessions ; Households - Economic aspects ; Households - Finance ; Asset pricing

The Great Recession had a large negative impact on the U.S. economy. Asset prices, most notably stock and house prices, declined substantially, resulting in a loss in wealth for many American households. In this article, Makoto Nakajima documents how diverse households ... View more
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