Coverart for item
The Resource The rich and the Great Recession, prepared by Bas B. Bakker and Joshua Felman

The rich and the Great Recession, prepared by Bas B. Bakker and Joshua Felman

Label
The rich and the Great Recession
Title
The rich and the Great Recession
Statement of responsibility
prepared by Bas B. Bakker and Joshua Felman
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis years, then surged following the crisis. This paper argues that the saving rate of the rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the swings in saving by the rich must actually have played the most important role in the consumption boom-bust, since since the top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role in the Great Recession.--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Bakker, Bas Berend
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 14/225 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Felman, J.
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/14/225
http://library.link/vocab/subjectName
  • Global Financial Crisis (2008-2009)
  • Global Financial Crisis, 2008-2009
  • Rich people
  • Income distribution
  • Savings accounts
  • Saving and investment
  • Business cycles
  • Consumption (Economics)
  • Business cycles
  • Consumption (Economics)
  • Income distribution
  • Rich people
  • Saving and investment
  • Savings accounts
  • United States
Label
The rich and the Great Recession, prepared by Bas B. Bakker and Joshua Felman
Instantiates
Publication
Copyright
Note
  • "December 2014."
  • "European and Research Departments."
Bibliography note
Includes bibliographical references (pages 32-34)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover Page; Title Page; Copyright Page; Contents; Abstract; Executive Summary; I. The Inequality and Wealth Narratives; II. Implications for the Household Saving Rate; A. Data Sources; B. Data Definitions; C. Assessment; III. Why did The Saving Rate Fall?; A. Saving Rate Arithmetic; B. Empirical Evidence; C. Wealth Effects; IV. A New Synthesis; V. Explaining the Great Recession; A. Role of Wealth; B. Role of the Rich; VI. How Robust are the Results?; VII. Conclusion; Annex. Data Sources; Footnotes
Control code
898290837
Extent
1 online resource (36 pages)
Form of item
online
Isbn
9781498315470
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498307376.001
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)898290837
Label
The rich and the Great Recession, prepared by Bas B. Bakker and Joshua Felman
Publication
Copyright
Note
  • "December 2014."
  • "European and Research Departments."
Bibliography note
Includes bibliographical references (pages 32-34)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover Page; Title Page; Copyright Page; Contents; Abstract; Executive Summary; I. The Inequality and Wealth Narratives; II. Implications for the Household Saving Rate; A. Data Sources; B. Data Definitions; C. Assessment; III. Why did The Saving Rate Fall?; A. Saving Rate Arithmetic; B. Empirical Evidence; C. Wealth Effects; IV. A New Synthesis; V. Explaining the Great Recession; A. Role of Wealth; B. Role of the Rich; VI. How Robust are the Results?; VII. Conclusion; Annex. Data Sources; Footnotes
Control code
898290837
Extent
1 online resource (36 pages)
Form of item
online
Isbn
9781498315470
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498307376.001
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)898290837

Library Locations

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