Microsoft Word Baily-Bosworth 11-09-2013 (revised)



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Brookings Papers on Economic 
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Congressional Budget Office (CBO). 2013. 
The Budget and Fiscal Outlook: Fiscal Years 2013 
to 2023
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D’Amico, Stefania, William English, David Lopez-Salido, and Edward Nelson, 2012, “The 
Federal Reserve’s Large-Scale Asset Purchase Programs: Rationale and Effects,” 
Working paper, Federal Reserve Board.
Duval , Romain, Mehmet Eris and Davide Furceri. 2010. “Labour Force Participation 
Hysteresis in Industrial Countries: Evidence and Causes,” OECD (Paris). 
Dynan, Karen. 2012. “Is a Household Debt Overhang Holding Back Consumption?” 
Brookings 
Papers on Economic Activity, Spring
: 299-344.
 
Harris, Benjamin, and Yuri Shadunsky. 2013.
“State and Local Governments In Economic 
Recoveries: This Recovery Is Different,” Urban Brookings Tax Policy Center (April). 
Hatzius, Jan, Peter Hooper, Frederic Mishkin, Kermit Schoenholtz, and Mark Watson. 2010. 
“Financial Conditions Indexes: A Fresh Look After the Financial Crisis," NBER 
Working Paper 16150. 
Jacobson, Margaret, and Filippo Occhino. 2013. “Behind the Slowdown of Potential GDP,” 
Economic Trends
, Federal Reserve Bank of Cleveland. 
Krishnamurty, Arvind, and Annette Vissing-Jorgenson. 2011. “The Effects of Quantitative 
Easing on Interest Rates Channels and Implications for Policy,” 
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_____. 2013. “The Ins and Outs of LSAPS,” paper presented at the Kansas City Federal Reserve 
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(August 14).
McKinsey Global Institute. 2011. Debt and deleveraging: The global credit bubble and its 
economic consequences (July). 


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McKinsey Global Institute, 2013. Game Changers: Five Opportunities for US Growth and 
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Stock, James, and Mark Watson. 2012. “Disentangling the Channels of the 2007-09 Recession,” 
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