What Happened: Financial Factors in the Great Recession

Mark Gertler, Simon Gilchrist

NBER Working Paper No. 24746
Issued in June 2018

---- Acknowledgments ----

Prepared for the Journal of Economic Perspectives. Thanks to Ben Bernanke and Oscar Jorda for helpful comments and to Sneha Agrawal and James Graham for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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