Matches in SemOpenAlex for { <https://semopenalex.org/work/W2029127918> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W2029127918 abstract "The recovery from the 2008-2009 recession has been much slower than the average recovery since the 1924 recession. As analysts who believe that the St. Louis model created by Leonall Andersen and Jerry Jordan still has relevance we believe that the slow rate of M2 growth since 2Q2009 is a major reason why GDP growth has been so slow. At the 9th Annual Missouri Economics Conference on March 27, 2009 we presented a paper, “Interwar Hoarding, Liquidity Traps, and the 2008 Solvency Trap” in which we recommended that the Federal Reserve attempt to maintain a 10% growth rate for M2 (or a growth rate of 6.80% on an inflation adjusted basis similar to the 1960, 1970, 1982 recoveries) with the hope that the plan would lead to a real GDP growth rate of 7% with an inflation rate of 3%.The title of that paper indicates two other factors hindering both M2 and GDP growth. Bank hoarding of excess reserves far in excess of ratios seen in the 1930s put the US into a liquidity trap. But in 2008 this was not an ordinary trap. We tried to coin the term “solvency trap” to indicate our belief that, using mark to market accounting, the financial system was insolvent. As Reinhart and Rogoff have noted, recoveries from financial crises tend to be slower than those from ordinary recessions. Analyses of each downturn since 1922 are conducted along with what has happened after the economy bottomed in 2Q09 including money supply analysis. Three years have passed. We continue to believe our original recommendation was correct." @default.
- W2029127918 created "2016-06-24" @default.
- W2029127918 creator A5040746962 @default.
- W2029127918 creator A5055504308 @default.
- W2029127918 date "2013-01-01" @default.
- W2029127918 modified "2023-10-17" @default.
- W2029127918 title "The Case for an M2 Growth Rate of 10%" @default.
- W2029127918 cites W1528857264 @default.
- W2029127918 cites W1559335293 @default.
- W2029127918 cites W1559664981 @default.
- W2029127918 cites W2022787652 @default.
- W2029127918 cites W2130341215 @default.
- W2029127918 cites W2233151521 @default.
- W2029127918 cites W2317027581 @default.
- W2029127918 cites W628106736 @default.
- W2029127918 doi "https://doi.org/10.4236/me.2013.43021" @default.
- W2029127918 hasPublicationYear "2013" @default.
- W2029127918 type Work @default.
- W2029127918 sameAs 2029127918 @default.
- W2029127918 citedByCount "0" @default.
- W2029127918 crossrefType "journal-article" @default.
- W2029127918 hasAuthorship W2029127918A5040746962 @default.
- W2029127918 hasAuthorship W2029127918A5055504308 @default.
- W2029127918 hasBestOaLocation W20291279181 @default.
- W2029127918 hasConcept C121332964 @default.
- W2029127918 hasConcept C162324750 @default.
- W2029127918 hasConcept C165287380 @default.
- W2029127918 hasConcept C165556158 @default.
- W2029127918 hasConcept C175025494 @default.
- W2029127918 hasConcept C176923680 @default.
- W2029127918 hasConcept C183582576 @default.
- W2029127918 hasConcept C18903297 @default.
- W2029127918 hasConcept C195742910 @default.
- W2029127918 hasConcept C200941418 @default.
- W2029127918 hasConcept C2778215004 @default.
- W2029127918 hasConcept C2778300220 @default.
- W2029127918 hasConcept C2781092381 @default.
- W2029127918 hasConcept C33332235 @default.
- W2029127918 hasConcept C556758197 @default.
- W2029127918 hasConcept C8573378 @default.
- W2029127918 hasConcept C86803240 @default.
- W2029127918 hasConceptScore W2029127918C121332964 @default.
- W2029127918 hasConceptScore W2029127918C162324750 @default.
- W2029127918 hasConceptScore W2029127918C165287380 @default.
- W2029127918 hasConceptScore W2029127918C165556158 @default.
- W2029127918 hasConceptScore W2029127918C175025494 @default.
- W2029127918 hasConceptScore W2029127918C176923680 @default.
- W2029127918 hasConceptScore W2029127918C183582576 @default.
- W2029127918 hasConceptScore W2029127918C18903297 @default.
- W2029127918 hasConceptScore W2029127918C195742910 @default.
- W2029127918 hasConceptScore W2029127918C200941418 @default.
- W2029127918 hasConceptScore W2029127918C2778215004 @default.
- W2029127918 hasConceptScore W2029127918C2778300220 @default.
- W2029127918 hasConceptScore W2029127918C2781092381 @default.
- W2029127918 hasConceptScore W2029127918C33332235 @default.
- W2029127918 hasConceptScore W2029127918C556758197 @default.
- W2029127918 hasConceptScore W2029127918C8573378 @default.
- W2029127918 hasConceptScore W2029127918C86803240 @default.
- W2029127918 hasLocation W20291279181 @default.
- W2029127918 hasOpenAccess W2029127918 @default.
- W2029127918 hasPrimaryLocation W20291279181 @default.
- W2029127918 hasRelatedWork W1484221797 @default.
- W2029127918 hasRelatedWork W1490086245 @default.
- W2029127918 hasRelatedWork W1535388208 @default.
- W2029127918 hasRelatedWork W1577921282 @default.
- W2029127918 hasRelatedWork W1581294512 @default.
- W2029127918 hasRelatedWork W1593324467 @default.
- W2029127918 hasRelatedWork W1595614030 @default.
- W2029127918 hasRelatedWork W1977292342 @default.
- W2029127918 hasRelatedWork W2015299980 @default.
- W2029127918 hasRelatedWork W2115560921 @default.
- W2029127918 hasRelatedWork W2136265570 @default.
- W2029127918 hasRelatedWork W2301277527 @default.
- W2029127918 hasRelatedWork W2317593081 @default.
- W2029127918 hasRelatedWork W2509615722 @default.
- W2029127918 hasRelatedWork W2563788605 @default.
- W2029127918 hasRelatedWork W267095490 @default.
- W2029127918 hasRelatedWork W3123042118 @default.
- W2029127918 hasRelatedWork W3123778698 @default.
- W2029127918 hasRelatedWork W3125758208 @default.
- W2029127918 hasRelatedWork W2087707828 @default.
- W2029127918 isParatext "false" @default.
- W2029127918 isRetracted "false" @default.
- W2029127918 magId "2029127918" @default.
- W2029127918 workType "article" @default.