Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis

Robert E. Hall

NBER Working Paper No. 20183
Issued in May 2014

---- Acknowledgments ----

Prepared for the NBER Macro Annual, April 11 and 12, 2014. The Hoover Institution supported this research. It is also part of the NBER's research program on economic fluctuations and growth. I am grateful to Alina Arefeva, Gabriel Chodorow-Reich, Martin Eichelbaum, John Fernald, Robert Gordon, Loukas Karabarbounis, Narayana Kocherlakota, Casey Mulligan, Nicolas Petrosky-Nadeau, and the editors for helpful comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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