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What is Understanding the Great Recession Causes about?

This document provides an overview and analysis of the causes and consequences of the Great Recession from the perspective presented in the book. It discusses how stagnant incomes, debt accumulation, financial deregulation and overconfidence in markets led to a precarious and unsustainable growth model. The confluence of rising interest rates, the end of the housing bubble, and mortgage defaults triggered the financial crisis and sharp drop in aggregate demand, illustrating the importance of finance for mac

Author

Saw Yi Hang

Language

EN