The Debate over the Origin of the Great Recession in the United States
This article analyzes the debate over the origins of the Great Recession in the United States. The author analyzes three perspectives: the first is the position spearheaded by John B. Taylor, who proposes the Great Deviation. The second is that of Alan Greenspan, Donald L. Khon, Ben S. Bernanke, Fr...
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Universidad Nacional Autónoma de México
2017-09-01
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| Series: | Norteamérica |
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| Online Access: | https://www.revistanorteamerica.unam.mx/index.php/nam/article/view/251 |
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| author | Mario Rojas Miranda |
| author_facet | Mario Rojas Miranda |
| author_sort | Mario Rojas Miranda |
| collection | DOAJ |
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This article analyzes the debate over the origins of the Great Recession in the United States. The author analyzes three perspectives: the first is the position spearheaded by John B. Taylor, who proposes the Great Deviation. The second is that of Alan Greenspan, Donald L. Khon, Ben S. Bernanke, Frederic S. Mishkin, and Lars E. O. Svensson, who attribute the crisis to a global imbalance between savings and investment. The third is the point of view of Robert Hetzel, Anna Schwartz, and Alan Meltzer, well-known inheritors of the monetarist tradition, who all accuse the authorities of having provoked the crisis and implemented the wrong responses. In conclusion, the author presents the opinion of two Nobel Prize winners in economics, Paul Krugman and Joseph Stiglitz.
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| format | Article |
| id | doaj-art-dddcc0abcb9c4fbca034401d4658a354 |
| institution | OA Journals |
| issn | 1870-3550 2448-7228 |
| language | English |
| publishDate | 2017-09-01 |
| publisher | Universidad Nacional Autónoma de México |
| record_format | Article |
| series | Norteamérica |
| spelling | doaj-art-dddcc0abcb9c4fbca034401d4658a3542025-08-20T02:15:37ZengUniversidad Nacional Autónoma de MéxicoNorteamérica1870-35502448-72282017-09-0112110.20999/nam.2017.a003The Debate over the Origin of the Great Recession in the United StatesMario Rojas Miranda0Universidad del Istmo, Oaxaca This article analyzes the debate over the origins of the Great Recession in the United States. The author analyzes three perspectives: the first is the position spearheaded by John B. Taylor, who proposes the Great Deviation. The second is that of Alan Greenspan, Donald L. Khon, Ben S. Bernanke, Frederic S. Mishkin, and Lars E. O. Svensson, who attribute the crisis to a global imbalance between savings and investment. The third is the point of view of Robert Hetzel, Anna Schwartz, and Alan Meltzer, well-known inheritors of the monetarist tradition, who all accuse the authorities of having provoked the crisis and implemented the wrong responses. In conclusion, the author presents the opinion of two Nobel Prize winners in economics, Paul Krugman and Joseph Stiglitz. https://www.revistanorteamerica.unam.mx/index.php/nam/article/view/251Federal Reserve Systemmonetary policyeconomic crisiscentral bankUnited States |
| spellingShingle | Mario Rojas Miranda The Debate over the Origin of the Great Recession in the United States Norteamérica Federal Reserve System monetary policy economic crisis central bank United States |
| title | The Debate over the Origin of the Great Recession in the United States |
| title_full | The Debate over the Origin of the Great Recession in the United States |
| title_fullStr | The Debate over the Origin of the Great Recession in the United States |
| title_full_unstemmed | The Debate over the Origin of the Great Recession in the United States |
| title_short | The Debate over the Origin of the Great Recession in the United States |
| title_sort | debate over the origin of the great recession in the united states |
| topic | Federal Reserve System monetary policy economic crisis central bank United States |
| url | https://www.revistanorteamerica.unam.mx/index.php/nam/article/view/251 |
| work_keys_str_mv | AT mariorojasmiranda thedebateovertheoriginofthegreatrecessionintheunitedstates AT mariorojasmiranda debateovertheoriginofthegreatrecessionintheunitedstates |