Summary:
[unable to retrieve full-text content]There are several important differences between the global financial crisis of 2007–08 (GFC) and the coronavirus crisis (CC). Origin and Nature of the Crisis. The GFC resulted from financial imbalances, primarily the housing bubble, while the CC was triggered by the external negative shock (the pandemic and the following economic shutdown) that dramatically reduced the labor supply.
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Arkadiusz Sieroń considers the following as important: 6b) Mises.org, Featured, newsletter
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[unable to retrieve full-text content][unable to retrieve full-text content]There are several important differences between the global financial crisis of 2007–08 (GFC) and the coronavirus crisis (CC). Origin and Nature of the Crisis. The GFC resulted from financial imbalances, primarily the housing bubble, while the CC was triggered by the external negative shock (the pandemic and the following economic shutdown) that dramatically reduced the labor supply.
Topics:
Arkadiusz Sieroń considers the following as important: 6b) Mises.org, Featured, newsletter
This could be interesting, too:
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There are several important differences between the global financial crisis of 2007–08 (GFC) and the coronavirus crisis (CC). Origin and Nature of the Crisis. The GFC resulted from financial imbalances, primarily the housing bubble, while the CC was triggered by the external negative shock (the pandemic and the following economic shutdown) that dramatically reduced the labor supply.