Page 200 - Accelerating out of the Great Recession

NO TES

Introduction
1. Bertrand Benoit, Quentin Peel, and Chris Bryant, “Steinmeier
Takes Hard Line on Regulation,” Financial Times, February 22,
2009.

Chapter 1

1. Economic growth estimates in this paragraph and the next are
from World Economic Outlook: Sustaining the Recovery,
International Monetary Fund, October 2009, p. 2.
2. These data appear in Robert J. Shiller, Irrational Exuberance,
Second edition, Princeton University Press, 2005, Figure 2.1; data
updates are available on http://www.irrationalexuberance.com.
3. Michiyo Nakamoto and David Wighton, “Citigroup Chief Stays
Bullish on Buy-outs,” Financial Times, July 9, 2007; available at
http://www.ft.com/cms/s/0/80e2987a-2e50-11dc-821c0000779
fd2ac.html.
4. Simon Kennedy and Rainer Buergin, “Soros Says ‘Basically
Bankrupt’ Banks Restrain US,” Bloomberg, October 5, 2009.
5. Olivier Blanchard, “Sustaining a Global Recovery,” Finance &
Development, September 2009.
6. Carmen M. Reinhart and Kenneth S. Rogoff, “The Aftermath of
Financial Crises,” NBER Working Paper No. 14656, January
2009; available at www.nber.org/ papers/w14656.

Chapter 2
1. Alan J. Auerbach and William G. Gale, “The Economic Crisis
and the Fiscal Crisis: 2009 and Beyond,” February 19, 2009; avail-
able at http://www.brookings.edu/~/media/Files/rc/papers/2009/
0219_fiscal_future_gale/0219_fiscal_future_gale.pdf.
2. See, for example, the news release from the University of Chicago:
Christina D. Romer, “The Case for Fiscal Stimulus: The Likely
Effects of the American Recovery and Reinvestment Act,” February

■ 179 ■