The greenspan era 1986 oil prices 90 unemployment

This preview shows page 13 - 14 out of 14 pages.

The Greenspan Era 1986: Oil prices fell 50%. 1989-90: Unemployment fell, inflation rose. Fed raised interest rates, caused a mild recession. 1990s: Unemployment and inflation fell. 2001: Negative demand shocks created the first recession in a decade. Policymakers responded with expansionary monetary and fiscal policy. Alan Greenspan Chair of FOMC, Aug 1987 – Jan 2006
Image of page 13

Subscribe to view the full document.

T H E S O R U N A D E F 14 The Greenspan Era Inflation rate (% per year) Unemployment rate (%) 0 2 4 6 8 10 0 2 4 6 8 10 Inflation and unemployment were low during most of Alan Greenspan’s years as Fed Chairman. 1987 90 92 2000 94 96 98 06 02 05
Image of page 14
You've reached the end of this preview.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern