Il costo della crisi 2007-2009

Pubblicato, dalla Fed di Dallas, il paper di T.Atkinson, D.Luttrell, H.Rosenblum “How Bad Was It? The Cost and Consequences of the 2007-09 Financial Crisis”, luglio 2013.

Si tratta di uno dei pochi studi disponibili che cerca di quantificare il costo della crisi finanziaria occorsa nel 2007-2009.

L’abstract del paper:

the 2007-2009 financial crisis was associated with a huge loss of economic output and financial wealth. psychological consequences and skill atrophy from extended unemployment, an increase in government intervention, and other significant costs. Assuming the financial crisis is to blame for these associated ills, an estimate of its cost is needed to weigh against the cost of policies intended to prevent similar episodes. We conservatively estimate that 40 to 90 percewnt of one year’s output ($6 trillion to $14 trillion, the equivalent of $50,000 to $121.000 for every U.S. household) was foregone due to the 2007-2009 recession. We also provide several alternative measures of lost consumption, national trauma, and other negative consequences of the worst recession since the 1930s. This more comprehensive evaluation of factors suggest that what the U.S. gave up as a result of the crisis is likely greater than the value of one year’s output.