Evidence is revealing the power, limits, and confounding effects of monetary policy.
Does uncertainty in recessions reflect larger shocks, or simply larger responses to shocks?
The First-Time Homebuyer Credit didn't add much to GDP, but it was still a success in some respects.
Volatility is evidence of contractionary economic conditions already in place.
When US consumers curtailed their spending during the 2008 recession, many people suggested plummeting housing prices contributed to the cutbacks.