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Recession

Yale to help policymakers deal with the financial crisis in real time

by Ryan Kailath
May 12, 2017
Ever since the world economy broke in 2008, policymakers have looked for ways to keep it from breaking again. But there’s another important lesson to learn: how to put it back together. Yale University is creating a tool to offer real-time guidance to central bankers and others while they deal with a financial crisis.  Click […]
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How the Panic of 1837 predicted the Great Recession

by David Brancaccio
Apr 26, 2017
Going into the Panic of 1837 the market was booming and credit was flowing from banks. Sound familiar?
“We haven't sorted out whether we want to be a country based primarily for the individual or for the society as a whole, and that really does stem back at least to the 19th century and probably even earlier than that,” said Philip Gura, author of the book, “Man’s Better Angels.”
Wikimedia Commons
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How Putin's and Trump's economic messages are similar

by Kai Ryssdal and Robert Garrova
Mar 9, 2017
And why the message of the 'elites' vs. 'the common man' might be dangerous.
Traditional Russian wooden nesting dolls depicting President Donald Trump, left, and Russian President Vladimir Putin in a central Moscow gift shop.
ALEXANDER NEMENOV/AFP/Getty Images
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What economists can learn from English majors

by Kai Ryssdal and Robert Garrova
Feb 13, 2017
Robert Shiller, Yale economics professor and Nobel laureate, explains why stories are powerful when it comes to the economy.
Robert Shiller says economists should pay more attention to narratives to help them explain why economic events happen.
Wendy Carlson/Getty Images
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Outgoing Treasury Secretary Jack Lew talks legacy and economy's future

by David Brancaccio
Jan 11, 2017
"The fact there hasn't been a financial crisis is not a reason to unwind what we've done."
Treasury Secretary Jacob Lew addresses the media after visiting the Marian Anderson Residence Museum to discuss her inclusion on the $5 bill October 21, 2016 in Philadelphia, Pennsylvania.   
Mark Makela/Getty Images
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With October jobs report, a chance to reflect on Obama’s economic legacy

by Mitchell Hartman
Nov 4, 2016
Today we’ll have the final monthly jobs report — for October — before the 2016 election. September’s report put unemployment at 5 percent. Looking back, what do the jobs numbers tell us about President Barack Obama’s economic legacy?  When Obama first won the White House in November 2008, the Great Recession was in full swing. That […]
U.S. President Barack Obama walks toward Marine One while departing from the White House in Washington, DC. 
Mark Wilson/Getty Images
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Memoirs + Biographies

How Alan Greenspan transformed the Fed

by Kai Ryssdal
Oct 11, 2016
Kai Ryssdal talks with Sebastian Mallaby about his new book “The Man Who Knew: The Life and Times of Alan Greenspan”
Alan Greenspan is awarded the Presidential Medal of Freedom.
Shealah Craighead / George W. Bush Presidential Library Museum
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Manufacturing lags overall economy

by Mitchell Hartman
Sep 23, 2016
Data on industrial production and business activity don't indicate a broad-based rebound in manufacturing is likely in the near term.
A worker handles an engine at a Dodge assembly plant in Detroit, Michigan.
Bill Pugliano/Getty Images
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What's behind the growing black-white pay gap

by Nancy Marshall-Genzer
Sep 21, 2016
A new study says the wage gap between whites and blacks continues to grow.
A job seeker fills out an application at a career fair in midtown Manhattan, New York City.
John Moore/Getty Images
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Wall Street economists: Trump presidency could trigger recession

by Lewis Wallace
Sep 19, 2016
Citigroup has released its latest election forecast.
Republican presidential nominee Donald Trump speaks at a campaign event in Virginia Beach.
Alex Wong/Getty Images
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