The 2008 recession reportedly led to the demise of conspicuous consumption with wealthy consumers abandoning luxury goods that prominently display their brands for more subdued designs. Utilizing data collected before and in the midst of the recession from designer handbag manufacturers, Louis Vuitton and Gucci, we find products introduced during the recession actually display the brand far mor...

This paper studies the responses of unemployment in Germany, the United States and Britain to the Great Recession of 2008-09 by making use of Beveridge curve analysis, and in the entire OECD with other techniques. It is shown that Britain suffered from recession but no structural problems; the United States suffered from structural unemployment during the recovery; Germany exhibited a much bett...

Since the end of 2007, the world has experienced a sharp and deep decline in economic activity, which in this paper for the sake of brevity will be referred to as “the current recession.” The United States has initiated many costly and extensive policies to fight this recession that are likely to have detrimental effects on economic freedom in that country. This chapter considers these detrimen...

Gingival recession is the exposure of root surfaces due to apical migration of the gingival tissue margins. The principal objectives of treating a gingival recession are to achieve better esthetics and reduce hypersensitivity. The gingival biotype is an important modifying factor in the treatment of gingival recession. The purpose of this paper is to highlight the significance of changing the s...

Defining a recessionary event as one which impacts adversely on individuals’ economic well-being, the paper argues that recession is a multi-faceted phenomenon whose meaning differs from person to person as it impacts on their decision-making in real time. It argues that recession is best represented through the calculation of the nowcast of recession event probabilities. A variety of such prob...

The soft tissue architecture is an important part of an attractive smile. Autogenous connective grafts have been successful in treating gingival recession. Their availability, however, is limited by palatal anatomy. Acellular dermal matrices have been shown to be successful in the treatment of gingival recession and do not have availability problems. Traditional flap elevation can lead to shrin...

The labor markets have recovered to the level of activity before the Great Recession. In May 2016, the unemployment rate was 4.7%, the same rate as in November 2007, the last month before the official start date of the Recession. In contrast, output has not converged to the prerecession trend. Figure 1 plots the evolution of the log-level of output (in black) together with the level of potentia...

Much attention has been given to the large increases in safety net spending during the Great Recession. We examine the relationship between poverty, the safety net, and business cycles historically and test whether there has been a significant change in this relationship. We find that post–welfare reform, Temporary Assistance for Needy Families did not respond during the Great Recession and ext...

The trajectory of new business applications and transitions to employer businesses differs markedly during the Great Recession COVID-19 recession. Both start-ups decreased slowly but persistently in post-Lehman crisis period Recession. In contrast, recession, initially declined have since sharply rebounded, resulting a surge 2020. Projected also rise, this is dampened by change composition 2020...

Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the developing countries. The world media almost daily reports scenarios of gloom and doom, with many predicting a deep global recession. This paper critically discusses this and concludes that as far as the developing countries are concerned, a bit more...