Middle East Economic Survey

VOL. LIII

No 13

29-March-2010

Diagnostics And Reforms From The Great Recession (Part 2)

By Shawkat Hammoudeh

Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.

The collapse of the US economy into the liquidity trap has put into question several macroeconomic thoughts that were taken for granted before the onset of the 2007-09 Great Recession. Some of these thoughts have been explained in Part...