International Economics
Great Recession and After
The deep, protracted downturn in 2007-09 was followed by an unusually slow recovery
Asian Financial Crisis
A financial crisis started in Thailand in July 1997 and spread across East Asia
Latin American Debt Crisis
During the 1980s, many Latin American countries were unable to service their foreign debt
Great Moderation
This period of relative macroeconomic stability lasted from the mid-1980s to 2007
Oil Shock of 1978-79
The second oil shock of the 1970s was associated with events in the Middle East
Oil Shock of 1973-74
An oil embargo in the early 1970s complicated the U.S. macroeconomic environment
Smithsonian Agreement
An attempt to rescue the Bretton Woods global monetary system in 1971
Great Inflation
The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982
Bretton Woods Launched
The international currency system became operational in 1958
