Institute for Research on Labor and Employment
What Really Caused the Great Recession?
- Author(s): Coghlan, Erin
- McCorkell, Lisa
- Hinkley, Sara
- et al.
Published Web Locationhttp://irle.berkeley.edu/what-really-caused-the-great-recession/
The Great Recession devastated local labor markets and the national economy. Ten years later, Berkeley researchers are finding many of the same red flags blamed for the crisis: banks making subprime loans and trading risky securities. Congress just voted to scale back many Dodd-Frank provisions. Does another recession lie around the corner?