References

Additional sources and materials

1. F e l d s t e i n M. Testimony before the House Committee on Financial Services. November 18,
 2008. Hearing on «Oversight of Implementation of the Emergency Economic Stabilization Act of
 2008 and of Government Lending and Insurance Facilities: Impact on Economy and Credit Availability»
 (http://www. congress.gov).
 2. IMF. World Economic Outlook. Financial Stress, Downturns, and Recoveries, October 2008.
 Wash., 2008, p. 134. 
 3. Ibid., p. 131.
 4. IMF. World Economic Outlook. Update. 6.11.2008, p. 5.
 5. R e i n h a r t C. and R o g o f f K. The Aftermath of Financial Crises. NBER Working Paper Series. Working Paper 14656, January 2009. Cambridge (Mass.), 2009, p. 12 http://www.nber.org/papers/w14656)
 6. Board of Governors of the Federal Reserve System. Monetary Policy Report to the Congress,
 15.07.2008. Wash., 2008, p. 45.
 7. Ibidem.
 8. Ibidem.
 9. U.S. Congress. House of Representatives. Committee of Government Oversight and Reform.
 The Financial Crisis and the Role of Federal Regulators. 23.10.2008. Testimony of Dr. Alan Greenspan,
 p. 3 (http:// www.oversight.house.gov). 
 10. Ibid., Stenographic Minutes, pp. 32–33.
 11. Ibid., p. 34. 
 12. Ibid., pp. 34–35, 37–38.
 13. Ibid., p. 35.
 14. Ibid., pp. 35–36.
 15. Ibid., p. 38. 
 16. CBO. The Budget and Economic Outlook: An Update, September 2008. Wash., 2008, pp. 44–45. 
 17. Ibid., p. 44.
 18. CBO Testimony. Options for Responding to Short-Term Economic Weakness. Statement of Peter
 R. Orzag, Director, before the Committee on Finance. 22.01.2008, p. 2.
 19. Board of Governors of the Federal Reserve System. Minutes of the Federal Open Market Committee, 29–30.01.2008, p.7 (http://www.frs.org). 
 20. S h a p i r o M. and S l e m r o d J. Consumer Response to Tax Rebates. – «American Economic
 Review», March 2003, vol. 93, No. 1, pp. 281–396. 
 21. J o h n s o n A., P a r k e r H., and S o u l e l e s L. Household Expenditures and the Income Tax
 Rebates of 2001. – «American Economic Review», December 2006, vol. 95, No. 6, pp. 1589–1610. 
 22. CBO Testimony. Options for Responding.., 22.01.2008, p. 11.
 23. Board of Governors of the Federal Reserve System. Testimony. Chairman Ben S. Bernanke.
 The Economic Outlook. Before the Committee on the Budget, U.S. House of Representatives.
 17.01.2008. 
 24. CBPP. CBPP Statement. Statement by Robert Greenstein, Executive Director. Reported Stimulus
 Package Would Provide Little Immediate Boost Due to Removal of Most Effective Provisions.
 24.01.2008, p. 1 (http://www.cbpp.org). 
 25. Ibid., pp. 1–2.
 26. BEA. Gross Domestic Product: Third Quarter 2008 (Advance). BEA 08–48, Table 2.
 27. U.S. Department of Treasury. Treasury Distributes 1.147 Million Additional Stimulus Checks in
 September. HP-1172. 3.10.2008. 
 28. L e n z e D. State Personal Income. Second Quarter of 2008 and Revised Statistics of 2005–
 2007. – «Survey of Current Business», October 2008, p. 134. 
 29. BEA. Gross Domestic Product: Third Quarter 2008 (Advance). BEA 08–48, Table 3.
 30. IMF. World Economic and Financial Surveys. Regional Economic Outlook. Western Hemisphere,
 October 2008. Wash., 2008, p. 3. 
 31. Elections 2008. White House 2008: General Elections Trial Heats. Gallup Poll Daily
 (http:www.//pollingreport.com). 
 32. State of the U.S. Economy and Implications for the Federal Budget. Hearing before the House
 Budget Committee, House of Representatives, 5.12.2007. 
 33. GDP and the Economy. Final Estimates for the First Quarter of 2008. «Survey of Current
 Business», p. 2. 
 34. S e s k i n E. and S m i t h Sh. Annual Revision of the National Income and Product Accounts.
 Annual Estimates for 2005–2007. Quarterly Estimates for 2005:I – 2008:I. – «Survey of Current Business», August 2008, p. 10.
 35. CBO. The Budget and Economic Outlook: An Update. September 2008. Wash., 2008, p. 43.
 36. NBER. Business Cycle Expansions and Contractions (http://www.nber.org). 
 37. NBER. Determination of the December 2007 Peak in Economic Activity (http://www.nber.org). 
 38. NBER. Business Cycle Expansions and Contractions (http://www.nber.org). 
 39. NBER. Determination of the December 2007 Peak in Economic Activity, p. 5
 (http://www.nber.org). 
 40. Business Cycle Dating Committee, National Bureau of Economic Research. 7.01.2008, p. 4
 (http://www.nber.org).
 41. Ibid., p. 2.
 42. Ibid., p. 3.
 43. Historical Tables. Budget of the United States Government. FY 2009. Wash., 2008, p. 27.
 44. «Monthly Budget Review», 7.11.2008, p. 1.
 45. CBO. The Budget and Economic Outlook: Fiscal Years 2009 to 2019. January 2009. Wash., 2009,
 pp. 12, 16, 19. 
 46. GAO. The Nation’s Long-Term Fiscal Outlook. September 2008 Update. GAO-09-094R. Wash.,
 2008, p. 10.