ECO 348, The Great Recession, Class 4

Slides here (pdf). For those following, Class 3 basically covered the material posted here for the snowed-out class 2, with some brief discussion of the Great Moderation folded in — it turned out that this topic was kind of thin anyway.
via:http://krugman.blogs.nytimes.com/2014/02/11/eco-348-the-great-recession-class-4/