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dc.contributor.authorMaliha, Nicole
dc.date.accessioned2012-04-09T15:03:02Z
dc.date.available2012-04-09T15:03:02Z
dc.date.issued2012-04-09
dc.identifier.urihttp://hdl.handle.net/10222/14616
dc.description.abstractFollowing the fall of the Lehman Brothers in 2008, the U.S. saw the worst recession since the Great Depression in the 1920's. This dissertation presents a summary of two previous major U.S. recessions, the Great Depression and the Savings and Loans Crisis, and an analysis of the root causes and consequences of the 2007-2009 recession is also provided, namely the bursting of the housing bubble, loose monetary policy, lax financial regulation, and misperception of risk. The Troubled Asset Relief Program, a bailout program implemented following the Emergency Economic Stabilization Act in October 2008, is then discussed. Using county-level panel data, the effect of the implementation of TARP on unemployment patterns is then studied. The results show that TARP negatively affected unemployment patterns, so that TARP alleviated the sharp rise in unemployment after its inceptionen_US
dc.language.isoen_USen_US
dc.subjectUnemploymenten_US
dc.subjectthe Troubled Asset Relief Programen_US
dc.subjectthe Subprime Mortgage Crisisen_US
dc.titleUNEMPLOYMENT, TARP, AND THE SUBPRIME MORTGAGE CRISISen_US
dc.date.defence2012-04-04
dc.contributor.departmentDepartment of Economicsen_US
dc.contributor.degreeMaster of Artsen_US
dc.contributor.external-examinerN/Aen_US
dc.contributor.graduate-coordinatorDr. Melvin Crossen_US
dc.contributor.thesis-readerDr. Kuan Xuen_US
dc.contributor.thesis-readerDr. Talan Iscanen_US
dc.contributor.thesis-supervisorDr. Andrea Giustoen_US
dc.contributor.ethics-approvalNot Applicableen_US
dc.contributor.manuscriptsNot Applicableen_US
dc.contributor.copyright-releaseNot Applicableen_US
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