The Recession of 1981/1982 in the Context of Postwar Recessions

  • Brunner, Karl
Publication date
September 2012
Publisher
William E. Simon Graduate School of Business Administration, University of Rochester

Abstract

The discussion of economic events in the public arena conveyed to innocent citizens two major impressions: first, that we experienced an unexpected and surprising decline of economic activity, and secondly that it was the most serious recession since the Great Depression in the 1930's. We actually heard voices claiming that we drifted into a "depression"

Extracted data

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