Real Business Cycles: Macroeconomic Analysis
Content Summary Overview
As was mentioned earlier, the 2001 recession was different in that it was almost entirely driven by capital investment rather than productivity
Collapse of the stock market
The Dow dropped 30% from its Jan 14, 2000 high of $11,722
The Nasdaq dropped 75% from its March 10, 2000 high of $5,132
The S&P 500 dropped 45% from its July 17, 2000 high of $1,517
Y2K/Capital Overhang
A sharp rise in oil prices (oil prices doubled in late 1999)
Enron/Accounting scandals
Terrorism/SARS
File Category: Mortgage & Finance
File Added: Tuesday, May 4th, 2010
File Source: nd.edu
File Size: 816 KB
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