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The supply of monetary base, M1, and M2.

The supply of monetary base, M1, and M2.

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Figure 2. A quarter with w 1 (t) < 0 is followed by another with ∆ 1...
Figure 3. Cont.
Figure 4. The AII and ∆ 1 for IS 60-79.9 . The first noticeable rise of...
Figure 7. Cont.
+17 Figure 7. The AII and ∆ 1 for NWS 50-74.9 . This subgroup recovers from...
Economic Stimulus and Financial Instability: Recent Case of the U.S. Household
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  • Jun 2022
The effectiveness of government policies and economic stimuli during the 2007 financial crisis and the COVID-19 pandemic are compared in this study. While the 2007 financial crisis started in the real estate market and spread through the contagion effect to other sectors, the pandemic halted the all sectors of the global economy simultaneously. In...
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Context 1
... The lowest net worth subgroup NWS <25 does not show as much financial instability as other subgroups during the 2007 financial crisis and the Great Recession (its AII still rises during that time, as can be seen in Figure A8). This subgroup starts having negative w 1 (t) and ∆ 1 (t) for six quarters from 2011 Q1 to 2012 Q2, which resumes, after a year's pause, in 2014 Q1 and lasts for three years. ...
Context 2
... pandemic stimulus measures are an expansion of M1 monetary supply, while the measures for the 2007 Crisis were monetary base expansion. At the beginning of the pandemic, the M1 supply skyrocketed to fund the various economic stimulus measures (Figure 8). ...