The Obama presidency will largely be defined by the administration’s ability to respond to the unique and historic challenge facing the country at the time of his inauguration: the Great Recession. This paper evaluates the president’... Read Article »
The 1937 Recession is a lesser-known event overshadowed by the Stock Market Crash of 1929 and the Great Depression. Nonetheless, it is a subject of deep interest because it brought about an uncommonly sharp economic downturn during the depression... Read Article »
In July 2012, Spain's unemployment rate was above 20%, its stock market was at its lowest point in a decade, and the government was borrowing at a rate of 7.6%. With domestic demand depleted and no sign of recovery in sight, President Mariano Rajoy... Read Article »
The “Great Recession” of 2008 resulted in unprecedented levels of state deficit spending. However, even though deficits are partly the result of economic forces beyond the control of state governments—and are at the same time... Read Article »
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