Causes of the Financial Crisis and the Slow Recovery: A Ten - Year Perspective

Wednesday, January 1, 2014

Working Group on Economic Policy: WP14102

This paper examines the causes of the financial crisis and the relatively slow economic recovery since then. It expands the timeline to the five years before and after the financial crisis in order to get a more complete assessment of what went wrong and how government policy largely caused the crisis.

It was presented at the Joint Conference of the Brookings Institution and the Hoover Institution on “The US Financial System–Five Years after the Crisis” at the panel “Causes and Effects of Financial Crisis,” October 1, 2013.

Read the full transcript.