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New York Times:
Investors see a glimmer and shares soar worldwide

13 March 2009

Nick Bloom, an economist at Stanford University, said that a declining, though still high, volatility in stock markets and “reasonably good” federal policies suggested that the economy should be able to avoid the long stagnation of Japan in the 1990s or the Great Depression. Mr. Bloom, who has studied 16 financial crises before the current one, said the recovery, which he expected in late 2009 or early 2010, should be fairly rapid.

This article appeared in the New York Times on the 13th March 2009.
Link to article.

Related Publications
‘In brief: The recession will be over sooner than you think’ Article in CentrePiece Volume 13(3) , Winter 2008/9. The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation’ by Nick Bloom, Centre for Economic Performance Discussion Paper No.718 , March 2006
'Will the Credit Crunch Lead to Recession?' by Nick Bloom. Article in CentrePiece, Volume 13, Issue 1 Spring 2008

Related Links
Nick Bloom webpage
Productivity and Innovation Programme webpage