This paper describes the serious fiscal crisis faced by cities around the world following the Great Recession of 2008. Five years later, the after-effects of this major crisis continue to be felt and limit economic opportunities in cities. Section 1 summarizes how the crisis was triggered and how it unfolded in the US, then spread to the rest of world -- highlighting the links between financial sector and housing sector. Section 2 discusses the impact...
انظر المزيد
تفاصيل
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2012/11/01
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ورقة عمل خاصة ببحوث السياسات
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WPS6256
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1
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1
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2012/11/01
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Disclosed
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The great recession and the future of cities
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rate of growth of wage
تنزيل الملفات
تقرير كامل
نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)
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