Knoop featured in Yahoo article on recessions

David Joyce Professor of Economics and Business Todd Knoop was interviewed for an article that appeared on Yahoo News, “US recession: What can the 2008 recession teach us about this one?”

The article compares what happened during the recession of 2008, created by the mortgage crisis, and today’s pandemic-related recession. Knoop comments on how the overall financial system is in better shape due to changes made following the 2008 recession.

Markets have already partially recovered, and the Dodd-Frank act has helped make banks much healthier and able to withstand the market downturn, says Todd Knoop, an economist who researches the history of recessions at Cornell College.

“Policy makers have developed a script – while details of that script has changed over time, they have a much better idea of what to do during a crisis than they did during the Great Depression, or even in 2008,” he says.

Knoop is the author of several books, including “Business Cycle Economics: Understanding Recessions and Depressions from Boom to Bust”  and Recessions and Depressions: Understanding Business Cycles.

The article was also published in several other publications.