Chart of the Day
Real GDP growth, percent change from year ago, click to enlarge.MP: Calculating real GDP growth from the same quarter a year ago, the fourth quarter of 2008 isn't as bad as most other post-WWII recessions.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, March 01, 2009
Real GDP growth, percent change from year ago, click to enlarge.MP: Calculating real GDP growth from the same quarter a year ago, the fourth quarter of 2008 isn't as bad as most other post-WWII recessions.
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Despite Downturn, The Movie Industry is Booming
- Undergraduate Economics Sees Popularity Surge
- How Does Your State Compare?
- Chinese Scoop Up SoCal Foreclosures
- Quote of the Day: Becker on China-Bashing
- MO Trivia: The Politics of Fed District Banks
- Another Market-Based Healthcare Solution
- Cartoon of the Day: Fiscal Child Abuse
- Goin' to Kansas City: Economics Blogger Forum
- Despite Slowdown, Productivity, Wages Are Rising
2 Comments:
The Minnie Fed chart is now interactive.
Of the 10 prior post-war recessions, 5 were shallower, 1 was tied and 4 were worse after 4 quarters.
When the GDP data is in the record books for the first half of 2009 (6 quarters in total), only the 1973 and 1981 recessions will be competitive with this recession.
did the FED in prior GDP declines increase its balance sheet similar to what it is doing today?
Post a Comment
<< Home