The result was a deep recession. But the conventional ... accounted for the bulk of the income and wealth gains during this period (see Chart 6). To demonstrate this empirically, we estimated a ...

Consumption has been held back as households return ... by less than a quarter of the increase during the recession (see Chart 4). In emerging economies, in contrast, unemployment rates on average ...

After dropping 1.6% during the ... real personal consumption expenditures and household employment. According to its website, "The NBER's traditional definition of a recession is that it is ...