UNEMPLOYMENT, TARP, AND THE SUBPRIME MORTGAGE CRISIS
| dc.contributor.author | Maliha, Nicole | |
| dc.contributor.copyright-release | Not Applicable | en_US |
| dc.contributor.degree | Master of Arts | en_US |
| dc.contributor.department | Department of Economics | en_US |
| dc.contributor.ethics-approval | Not Applicable | en_US |
| dc.contributor.external-examiner | N/A | en_US |
| dc.contributor.graduate-coordinator | Dr. Melvin Cross | en_US |
| dc.contributor.manuscripts | Not Applicable | en_US |
| dc.contributor.thesis-reader | Dr. Kuan Xu | en_US |
| dc.contributor.thesis-reader | Dr. Talan Iscan | en_US |
| dc.contributor.thesis-supervisor | Dr. Andrea Giusto | en_US |
| dc.date.accessioned | 2012-04-09T15:03:02Z | |
| dc.date.available | 2012-04-09T15:03:02Z | |
| dc.date.defence | 2012-04-04 | |
| dc.date.issued | 2012-04-09 | |
| dc.description.abstract | Following 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 inception | en_US |
| dc.identifier.uri | http://hdl.handle.net/10222/14616 | |
| dc.language.iso | en_US | en_US |
| dc.subject | Unemployment | en_US |
| dc.subject | the Troubled Asset Relief Program | en_US |
| dc.subject | the Subprime Mortgage Crisis | en_US |
| dc.title | UNEMPLOYMENT, TARP, AND THE SUBPRIME MORTGAGE CRISIS | en_US |