{"id":20292,"date":"2013-05-16T09:11:31","date_gmt":"2013-05-16T14:11:31","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=20292"},"modified":"2013-05-16T09:11:31","modified_gmt":"2013-05-16T14:11:31","slug":"the-causes-of-the-great-recession-by-tyler-cowen","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2013\/05\/16\/the-causes-of-the-great-recession-by-tyler-cowen\/","title":{"rendered":"The causes of the &#8220;Great Recession&#8221; by Tyler Cowen"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"http:\/\/www.youtube.com\/embed\/TpuRvEg3ys4\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<blockquote><p>According to Professor Tyler Cowen, the Great Recession was caused by a number of different factors. Cowen outlines 4 distinct and complicated problems which led to the downturn:<\/p>\n<p>\u2022 A drop in the aggregate demand (<a href=\"https:\/\/www.youtube.com\/redirect?q=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FAggregate_demand&#038;session_token=yGLwm4xwBrRNIdebnrfSh2YNEOt8MTM2ODc5OTYwOUAxMzY4NzEzMjA5\" target=\"_blank\">http:\/\/en.wikipedia.org\/wiki\/Aggregat&#8230;<\/a>)<br \/>\n\u2022 A &#8220;horribly&#8221; performing banking sector<br \/>\n\u2022 Problems with monetary policy<br \/>\n\u2022 An increase in the &#8220;risk premium&#8221; (<a href=\"https:\/\/www.youtube.com\/redirect?q=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FRisk_premium&#038;session_token=yGLwm4xwBrRNIdebnrfSh2YNEOt8MTM2ODc5OTYwOUAxMzY4NzEzMjA5\" target=\"_blank\">http:\/\/en.wikipedia.org\/wiki\/Risk_pre&#8230;<\/a>)<\/p>\n<p>Prof. Cowen explains why one economic model isn&#8217;t sufficient to explain the economic downturn. He shows how several different economic models can be used to explain both the cause and the effects of the recession.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>According to Professor Tyler Cowen, the Great Recession was caused by a number of different factors. Cowen outlines 4 distinct and complicated problems which led to the downturn: \u2022 A drop in the aggregate demand (http:\/\/en.wikipedia.org\/wiki\/Aggregat&#8230;) \u2022 A &#8220;horribly&#8221; performing banking sector \u2022 Problems with monetary policy \u2022 An increase in the &#8220;risk premium&#8221; (http:\/\/en.wikipedia.org\/wiki\/Risk_pre&#8230;) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,25,84,13],"tags":[436,426,718],"class_list":["post-20292","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-government","category-usa","tag-banking","tag-housing","tag-recession"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-5hi","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/20292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=20292"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/20292\/revisions"}],"predecessor-version":[{"id":20293,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/20292\/revisions\/20293"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=20292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=20292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=20292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}