The Financial Crisis at 10: Will We Ever Recover?

Author(s)
Regis Barnichon, Christian Matthes, Alexander Ziegenbein
Abstract

A decade after the last financial crisis and recession, the U.S. economy remains significantly smaller than it should be based on its pre-crisis growth trend. One possible reason lies in the large losses in the economy’s productive capacity following the financial crisis. The size of those losses suggests that the level of output is unlikely to revert to its pre-crisis trend level. This represents a lifetime present-value income loss of about $70,000 for every American.

Organisation(s)
Department of Economics
External organisation(s)
Federal Reserve Bank of San Francisco, Federal Reserve Bank of Richmond
Journal
Federal Reserve Bank of San Francisco Economic Letters
Volume
2018
No. of pages
4
Publication date
08-2018
Austrian Fields of Science 2012
Macroeconomics
Portal url
https://ucris.univie.ac.at/portal/en/publications/the-financial-crisis-at-10-will-we-ever-recover(a0c088e0-3ec1-458d-83d9-6e4487823ca8).html