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Abstract:

cover
CentrePiece article
Will the Credit Crunch Lead to Recession?
Nick Bloom
May 2008
Paper No' CEPCP255:
Full Paper (pdf)

CentrePiece 13 (1) Spring 2008

Recent research by Nick Bloom - as well as research of an earlier vintage by Fed chairman Ben Bernanke - suggests that the impact of the credit crunch on uncertainty will lead to an economic slowdown much worse than we currently anticipate.

Further reading: Nick Bloom (2007), 'The Impact of Uncertainty Shocks', National Bureau of Economic Research Working Paper No. W13385, also available as CEP Discussion Paper No. 718