Ben Bernanke and the Great Recession
For economics nerds only
The seminal event that led to the creation of the study of Macroeconomics is the Great Depression (Bernanke, 1995). It is not surprising that this event would leave such a lasting mark on our national psyche. After all, in the period from 1929 to 1933, the net national income in current prices fell by more than one half, net national income in real prices…