A clear lesson of history is that a 'sine qua non' for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system. Janet Yellen clearcrisiseconomic Change image and share on social
Business students are very oriented to playing a role in the real world and accomplishing something, not training themselves to be scholars and contribute to the literature. Teaching in that kind of environment has focused me much more on the real world, how pieces of the theory I know can be applied to real-world situations. Janet Yellen accomplishapplybusiness share on social
At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by 2011, federal fiscal policy actions became a drag on output growth when the recovery was still weak. Janet Yellen actiondrageconomic share on social
Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government. Janet Yellen accountabilitycommitmentcommunication share on social
Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession. Janet Yellen accelerateagingbaby share on social
People stop buying things, and that is how you turn a slowdown into a recession. Janet Yellen buypeoplerecession Change image and share on social
Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful. Janet Yellen contributedisruptivegrowth Change image and share on social
Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014. Janet Yellen fallhalfmortgage Change image and share on social
In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression. Janet Yellen considerabledepressioneconomy share on social
The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities. Janet Yellen bankcentralcharge share on social