Monday, February 3, 2014

Download my Data on the Stock Market and Unemployment

The recent drop in the stock market, if it persists, will present serious challenges for the Yellen Fed.

In a couple of recent academic papers, The Stock Market Crash of 2008 caused the Great Recession: Theory and Evidence  here and The Stock Market Crash Really Did Cause the Great Recession here I showed that changes in the value of the stock market cause changes in the unemployment rate three months later. Here is a link to a Freakonomics post that features my work.

I continue to receive requests for the data that I used in those studies. That data is available here. These are important empirical findings that establish a strong and stable relationship between changes in the value of the S&P and changes in the U.S. unemployment rate.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.