The 2007 Crisis and Countercyclical Policy

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Date
2009-11Author
O'Connell, Joan
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O'Connell, J. (2009). "The 2007 Crisis and Countercyclical Policy" (No. 0152): School of Economics, National University of Ireland, Galway.
Abstract
The purpose of the paper is to outline the global financial and economic crisis that began in 2007, together with the macroeconomic policy changes that were put in place as a result. Design : The content is partly descriptive and partly analytical. Findings : The paper sets out the history of the financial and economic crisis to date. Originality : This is determined by the subject matter, and consists mainly in the manner in which the material is presented.