Okun’s Law

Excel Spreadsheet: OkunsLaw Relative to previous recoveries, our recovery has seen decelerating unemployment without a corresponding acceleration in GDP. At each level of quarterly unemployment decrease, there is a lower than average quarterly increase in GDP.

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Deregulation, Consolidation, and Collusion in American Banking

Deregulation Going into the 1980s, American banks faced heavy M&A, intrastate branching, and interstate banking restrictions. By the end of the 1980s, most states had lifted these M&A and branching restrictions… Consolidation  Consequently, the number of mergers increased while the number of new entrants into the market declined. The cost of entering the market was … Continue reading Deregulation, Consolidation, and Collusion in American Banking