1 / 10

The Impact of the Great Recession on the Pornography Industry: A Case Study

This seminar explores the effects of the Great Recession on firms, specifically focusing on the pornography industry. It examines key information relevant for managerial decision-making, addressing the crucial data points needed by industry leaders in times of economic downturn. Additionally, the discussion will cover whether the Great Recession is truly over by analyzing unemployment trends and stock market behavior. Participants will also develop policies aimed at reducing natural unemployment, distinguishing between frictional and structural unemployment types.

athena-alexander
Télécharger la présentation

The Impact of the Great Recession on the Pornography Industry: A Case Study

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Economic Fluctuations Seminar – 26 Nov. 2009 p.stankov

  2. Outline of the talk • The impact of the Great Recession on firms – a case study of the pornography industry • Is the Great Recession Over?

  3. The impact of the Great Recession on firms • Read the handout from The Economist: “The trouble with pornography” • Answer the following: • What are the key pieces of information for managerial decision makers in this industry? • Why are these important for decision making? • Are there missing facts?

  4. Recessions and unemployment

  5. Question for Discussion: • Come up with a policy or policies to try to reduce the natural rate of unemployment. • Note whether your policy targets frictional or structural unemployment.

  6. Is the Great Recession Over? • Farmer 2009 criteria: • monthly year-on-year rate of growth of the stock market changed direction an average of 4.4 months before the end of recessions • Unemployment growth turns direction around the end of the recession date

  7. Stock markets growth, unemployment growth and recessions Source: Farmer 2009 article

  8. The current situation: Visit bls.gov For more

  9. Unemployment and unemployment growth in the previous two US recessions Source: Farmer 2009 article

  10. Where are the next (still hidden) bad news? • Government debt – inflation – high interest rates spiral • Commercial banks “addicted” to cheap credit from central banks • Recovery only temporary when government withdraws from pushing up aggregate demand

More Related