Popular economic narratives advancing the longest U.S. expansion 2009-2019.

Great Depression: Secular stagnation Housing bubble Save more Strong economy Sustainability

Journal

Journal of policy modeling
ISSN: 0161-8938
Titre abrégé: J Policy Model
Pays: United States
ID NLM: 101085165

Informations de publication

Date de publication:
Historique:
received: 03 02 2020
revised: 17 02 2020
accepted: 02 03 2020
pubmed: 5 5 2020
medline: 5 5 2020
entrez: 5 5 2020
Statut: ppublish

Résumé

The U.S. economic expansion since 2009 is the longest on record since 1854, according to the National Bureau of Economic Research Business Cycle Dating Committee. This paper seeks to understand this phenomenon better by looking at the time paths of popular narratives over this interval, of stories that people have been telling that offer clues into their economic behavior. Six constellations of narratives are studied, identified by keywords "Great Depression," "secular stagnation," "sustainability," "housing bubble," "strong economy," and "save more."

Identifiants

pubmed: 32362693
doi: 10.1016/j.jpolmod.2020.03.005
pii: S0161-8938(20)30039-9
pmc: PMC7194909
doi:

Types de publication

Journal Article

Langues

eng

Pagination

791-798

Informations de copyright

© 2020 Published by Elsevier Inc. on behalf of The Society for Policy Modeling.

Auteurs

Robert J Shiller (RJ)

Department of Economics, Yale University, New Haven, CT 06520, United States.

Classifications MeSH