Skip to Content
Federal Reserve Bank of Chicago
  • About Us
  • Contact Us
  • Newsroom
  • Museum
  • Careers
  • Banking
  • Research
  • Markets
  • Publications
    • Periodicals
    • Data Releases
    • Speeches
  • Events
  • Education
  • People
  • Region
Consumption and the Great Recession
  • Share
  • Print
    • Text Size
    • Smaller
    • Larger
ep cover
On This Page
Vol. 36, First Quarter 2012
  • Download Entire Publication
Last Updated: 02/08/2012

Consumption and the Great Recession

David Benson, Mariacristina De Nardi, Eric French

This article addresses why the latest recession featured the most severe and persistent decline in aggregate consumption since WWII and why its recovery path has been so weak.

Subscribe Now

Register to receive email alerts when new issues are published.

Subscribe
More by this Author

David Benson

  • How Do Sudden Large Losses in Wealth Affect Labor Force Participation?
  • Macroeconomic Policy and Labor Markets: Lessons from Dale Mortensen’s Research (Special Issue)

Mariacristina De Nardi

  • Wealth Inequality and Intergenerational Links
  • Projected U. S. Demographics and Social Security

Eric French

  • The Labor Supply Response To (Mismeasured but) Predictable Wage Changes
  • Is There Still an Investment Overhang, and if So, Should We Worry about It? (Special Issue)
Related Topics
  • Macroeconomic Effects of Federal Reserve Forward Guidance
  • Firing Costs and Business Cycle Fluctuations
  • When can we forecast inflation?
  • Testimony of Paul A. Volcker, Chairman, Federal Reserves Board
View All

Follow Us:

FaceBook RSS Twitter YouTube
  • About Us
  • Contact Us
  • Newsroom
  • Subscribe
  • Tours
  • Careers
Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322
Copyright © 2012. All rights reserved. Please review our
  • Privacy Policy
  • Legal Notices