Story: Business cycles

Sub-prime mortgage crisis

In this interview with John Campbell in March 2008, economist Joseph Stiglitz explains that the economic crisis in the United States, triggered by the issuing of sub-prime mortgages, was certain to have effects on the New Zealand economy. It ended a long expansionary phase in the business cycle.

Using this item

TV3

This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.

All images & media in this story

How to cite this page:

Viv B. Hall, 'Business cycles - Causes and consequences of fluctuations', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/video/24167/sub-prime-mortgage-crisis (accessed 22 July 2024)

Story by Viv B. Hall, published 11 Mar 2010