The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.
As the U.S. economy teeters on the edge, Moody’s Analytics has identified 22 states that are either in or near a recession. This economic downturn poses significant challenges for residents, affecting ...
We leverage spatial variation in the severity of the Great Recession across the United States to examine its impact on mortality and explore the quantitative implications. We estimate that an increase ...