The Economy, Stupid cover image

Getting to sustained full employment. Financial contagion and the GFC. Golf participation climbs when people are ‘working’ from home.

The Economy, Stupid

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The Lead-Up to the Global Financial Crisis

This chapter discusses the warnings and signs of trouble in the US housing market, as well as the precursors to the global financial crisis. It emphasizes the differences between Australia and the US in terms of exposure to financial crisis and the actions taken by policymakers.

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