Economic Perspectives
First Quarter, 2012 Edition
Consumption and the Great Recession
Mariacristina De Nardi, Eric French, David Benson
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.
Mariacristina De Nardi, Eric French, John Bailey Jones, Angshuman Gooptu
In 2009, Medicaid spent over $75 billion on 5.3 million elderly beneficiaries. This article describes the Medicaid rules for the elderly and discusses their economic implications.
