TY - BOOK ID - 138048187 TI - Measuring wealth and financial intermediation and their links to the real economy AU - Hulten, Charles R. AU - Reinsdorf, Marshall B. AU - National Bureau of Economic Research AU - Conference on Research in Income and Wealth. PY - 2015 SN - 022620443X 9780226204437 9781322830872 1322830878 9780226204260 022620426X PB - Chicago : University of Chicago Press, DB - UniCat KW - Global Financial Crisis, 2008-2009. KW - Intermediation (Finance) KW - Investments, Foreign. KW - United States KW - Economic conditions KW - wealth, housing market, lehman brothers, markets, economy, economics, financial crisis, credit, recession, business, households, income, labor, employment, investment, trade, regulation, institutions, asset valuation, shadow banking, intermediation, actuaries, pension plans, debt, savings, family finances, nonfinancial firms, nonfiction, politics, government, bailout, history, political science, finance. UR - https://www.unicat.be/uniCat?func=search&query=sysid:138048187 AB - More than half a decade has passed since the bursting of the housing bubble and the collapse of Lehman Brothers. In retrospect, what is surprising is that these events and their consequences came as such a surprise. What was it that prevented most of the world from recognizing the impending crisis and, looking ahead, what needs to be done to prevent something similar? Measuring Wealth and Financial Intermediation and Their Links to the Real Economy identifies measurement problems associated with the financial crisis and improvements in measurement that may prevent future crises, taking account of the dynamism of the financial marketplace in which measures that once worked well become misleading. In addition to advances in measuring financial activity, the contributors also investigate the effects of the crisis on households and nonfinancial businesses. They show that households' experiences varied greatly and some even experienced gains in wealth, while nonfinancial businesses' lack of access to credit in the recession may have been a more important factor than the effects of policies stimulating demand. ER -