We're still paying for it! IMF calculated ~$12 trillion worldwide in 2009, but
US GAO estimated $22 trillion+ for US alone in 2013.
http://www.digitaljournal.com/article/277282
http://www.huffingtonpost.com/2013/02/14/financial-crisis-cost-gao_n_2687553.html
depends what you include and what the baselines/trajectories are, but the
causes and consequences of the crisis have shifted those.
From: turc-bounce@xxxxxxxxxxxxx [mailto:turc-bounce@xxxxxxxxxxxxx] On Behalf Of ;
Bryan Evans
Sent: Tuesday, October 25, 2016 9:53 AM
To: turc@xxxxxxxxxxxxx
Subject: [TURC] Global financial crisis cost to governments
Does anyone have an estimate of how much governments) Canada, US, EU etc.)
collectively expended in response to the financial crisis - bailouts, subsidies
etc.
Bryan Evans, PhD
Professor
Director, Centre for Policy Innovation and
Public Engagement
Principal Investigator
SSHRC Partnership Development Grant
Policy Engagement at Multiple Levels of Governance:
Living Wage and Minimum Wage Policy
Review Editor (English), Canadian Journal of Political Science
Associate Editor, Alternatives (Studies in Political Economy)
