Home > Uncategorized > Reinhart, Rogoff New White Paper – Business Insider

Reinhart, Rogoff New White Paper – Business Insider

October 16, 2012 Leave a comment Go to comments

Carmen Reinhart and Kenneth Rogoff, who wrote the book on the most recent financial crisis – “This Time is Different” – released a white paper Sunday reviewing the economy since the financial crisis.

And overall, they had positive things to say about the U.S.

“According to our (2009) metrics, the aftermath of the U.S. financial crisis has been quite typical of post-war systemic financial crises around the globe,” they wrote.  “If one really wants to focus just on United States systemic financial crises, then the recent recovery looks positively brisk.”

The authors highlight 1873, 1892, 1907, and 1929 as other systemic banking crises endured by the U.S. economy.

via Reinhart, Rogoff New White Paper – Business Insider.

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