Why Does the Economy Fall into Pieces After A Financial Crisis – Article Example
The paper "Why Does the Economy Fall into Pieces After A Financial Crisis" is an excellent example of an article review on macroµeconomics. The article presented focuses on a discussion geared to facilitate an understanding of the reasons why the economy of a nation deteriorates after any period of financial crisis. Specifically, the article highlights and explicates the reasons why employment and output in production may remain low for a certain period of time after a period of financial crisis or economic recession. However, from a critical point of view, the article is an introductory section of the article provides a brief and generalized information that could be quite challenging for readers to determine what the author intends to discuss in the entire article or the specific important component of the article. In addition, macroeconomic models are also indicated as the causative factors that lead to various aspects of financial crises and poor productivity after an economic recession. The author of the article goes further and provides an example of such macroeconomic models, the Gross Domestic Product, Zero Bond among others, as among the causative factors that facilitate the occurrence of financial crises after the economic recession. This is a crucial approach towards placing emphasis on the statement provided by the authors as well as an indication of the validity of the discussion provided. There is also the application of graphical representation in the article used to indicate changes in GDP and interest rates after the economic recession in the United States. The use of graphical representation of information is a crucial approach that facilitates an understanding of the information provided in any form of discussion. In order to provide comprehensive information, the author provides various ways that can be used to construct macroeconomic models such as the GDP, thus adding the credibility of the information provided. Personally, this article provides relevant economic information that attempts to answer questions that tend to be raised after the economic recession i.e. why there poor productivity. However, the validity and credibility of the information provided are questionable taking into consideration the fact that most of the information provided is from the author’s perspective and are not supported by other secondary researches.