article review
Subject:
English [1]
Tags:
macroeconomics [2]
Systemic risk [3]
Economic bubbles [4]
business cycle [5]
World economy [6]
Financial crisis [7]
Kenneth Rogoff [8]
Recession [9]
Depression [10]
Global recession [11]
Twin crises [12]
Surname 2 Name Instructor Course Date US Recessions According to the article, the financial crisis experienced in the US in the year 2007 is to blame for the persistently low level of per capita GDP and high level of unemployment. The authors use this outcome as evidence to support the assertion that financial crises resulting from systemic banking crisis are often deep and long lasting (Reinhart and Rogoff).