Recession of 2009/Related Articles

See also changes related to Recession of 2009, or pages that link to Recession of 2009 or to this page or whose text contains "Recession of 2009".

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Related topics

• Crash of 2008 [r]: the international banking crisis that followed the subprime mortgage crisis of 2007. ^[e]

Glossary

(for terms not defined below, see the economics glossary [1])

• Automatic stabilisers [r]: the tendency in times of falling economic activity for the government spending to rise, and for tax receipts to fall - and the reverse tendency in times of rising economic activity ^[e]
• "Bad bank" [r]: Add brief definition or description
• Credit easing [r]: A method of making credit more available to individuals and businesses by changing the composition of the assets of the central bank towards less liquid and riskier private sector assets. Unlike quantitative easing, it may be done without expanding the money supply. ^[e]
• Debt trap [r]: the situation in which the national debt continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments. ^[e]
• Fiscal [r]: relating to taxation and government expenditure. ^[e]
• Fiscal gap [r]: the size of the primary budget surplus (expressed as a percent of GDP) that is required to achieve fiscal sustainability by immediate compliance with the requirement that the national debt be maintained at or below its existing percentage of GDP. ^[e]
• Fiscal stimulus [r]: a reduction in taxation for the purpose of raising economic output, or an increase in government spending for that purpose. ^[e]
• Monetary base [r]: currency in circulation plus bank vault cash plus deposits held by banks at the central bank (termed "high-powered money" in the US, and referred to as M0 in the UK). ^[e]
• Money supply [r]: the economy's stock of those assets that can be quickly exchanged for goods and services. ^[e]
• Output gap [r]: the percentage difference between the current value of the output of an economy, and that economy's normal output trend. ^[e]
• Panic (banking) [r]: A fear of default that creates a generalised reluctance to grant credit. ^[e]
• Quantitative easing [r]: Add brief definition or description
• Sovereign default [r]: The failure of a government to comply with its interest payment or debt repayment obligations. ^[e]
• Stress test (banking) [r]: a test of the adequacy a bank's capital structure by estimating the consequences for it of an imaginary recession. ^[e]