Great Recession/Timelines: Difference between revisions
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imported>Nick Gardner |
imported>Nick Gardner |
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==Prelude (January 2000 to June 2007) == | ==Prelude (trends: January 2000 to June 2007) == | ||
Capital flows: | Capital flows: | ||
:Flows of capital into the advanced countries, rising from about 8 per cent of world GDP in 2002 to about 16 per cent in 2007 | :Flows of capital into the advanced countries, rising from about 8 per cent of world GDP in 2002 to about 16 per cent in 2007 | ||
US Monetary policy | US Monetary policy | ||
: Progressive [[discount rate]] reductions by the [[Federal Reserve System|Federal Reserve]] reducing the federal funds rate from 6 per cent in 2000 to 1 per cent in 2003, followed by increases to 5.25 per cent in 2006)[http://www.harpfinancial.com/InterestRateHistory/FederalFundsRate.htm]. | : Progressive [[discount rate]] reductions by the [[Federal Reserve System|Federal Reserve]] reducing the federal funds rate from 6 per cent in 2000 to 1 per cent in 2003, followed by increases to 5.25 per cent in 2006)[http://www.harpfinancial.com/InterestRateHistory/FederalFundsRate.htm]. | ||
US housing boom and bust | |||
: The average house price rises by 80% [http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_History_102626.xls] between 2001 and 2006 and then falls by 8% from its 2006 peak to mid-2007 . | |||
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Revision as of 05:47, 2 February 2011
Prelude (trends: January 2000 to June 2007)
Capital flows:
- Flows of capital into the advanced countries, rising from about 8 per cent of world GDP in 2002 to about 16 per cent in 2007
US Monetary policy
- Progressive discount rate reductions by the Federal Reserve reducing the federal funds rate from 6 per cent in 2000 to 1 per cent in 2003, followed by increases to 5.25 per cent in 2006)[1].
US housing boom and bust
- The average house price rises by 80% [2] between 2001 and 2006 and then falls by 8% from its 2006 peak to mid-2007 .
.