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Vol. 36, First Quarter 2012
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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.

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David Benson

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Mariacristina De Nardi

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