{"id":"https://openalex.org/W174046225","doi":null,"title":"The Great \"Reset\"","display_name":"The Great \"Reset\"","publication_year":2009,"publication_date":"2009-01-01","ids":{"openalex":"https://openalex.org/W174046225","mag":"174046225"},"language":"en","primary_location":{"id":"pmh:oai:digitalcommons.unl.edu:bbrbin-1062","doi":null,"is_oa":true,"landing_page_url":"http://digitalcommons.unl.edu/bbrbin/64","pdf_url":"http://digitalcommons.unl.edu/bbrbin/64","source":{"id":"https://openalex.org/S4306400577","display_name":"Lincoln (University of Nebraska)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114395901","host_organization_name":"University of Nebraska\u2013Lincoln","host_organization_lineage":["https://openalex.org/I114395901"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business in Nebraska","raw_type":"text"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://digitalcommons.unl.edu/bbrbin/64","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5057750276","display_name":"Eric C. Thompson","orcid":"https://orcid.org/0000-0001-7144-9735","observed_orcids":["https://orcid.org/0000-0001-7144-9735"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Eric Thompson","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-7144-9735","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5057750276"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":7.3152,"has_fulltext":true,"cited_by_count":37,"citation_normalized_percentile":{"value":0.96569504,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8349999785423279,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8349999785423279,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.12620000541210175,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.008299999870359898,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economic-outlook","display_name":"economic outlook","score":0.703000009059906},{"id":"https://openalex.org/keywords/great-recession","display_name":"Great Recession","score":0.7400000095367432},{"id":"https://openalex.org/keywords/recession","display_name":"economic recession","score":0.3970000147819519},{"id":"https://openalex.org/keywords/economic-recovery","display_name":"economic recovery","score":0.8569999933242798},{"id":"https://openalex.org/keywords/consumer-spending","display_name":"consumer spending","score":0.6420000195503235},{"id":"https://openalex.org/keywords/housing-prices","display_name":"housing prices","score":0.6729999780654907},{"id":"https://openalex.org/keywords/housing-market","display_name":"housing market","score":0.6320000290870667},{"id":"https://openalex.org/keywords/automotive-industry","display_name":"automotive industry","score":0.6859999895095825},{"id":"https://openalex.org/keywords/financial-services","display_name":"financial services","score":0.6610000133514404},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.7889999747276306},{"id":"https://openalex.org/keywords/gdp-growth","display_name":"GDP growth","score":0.49900001287460327},{"id":"https://openalex.org/keywords/capacity-utilization","display_name":"capacity utilization","score":0.7459999918937683},{"id":"https://openalex.org/keywords/economic-forecasting","display_name":"economic forecasting","score":0.35600000619888306},{"id":"https://openalex.org/keywords/us-economy","display_name":"United States economy","score":0.5770000219345093},{"id":"https://openalex.org/keywords/2009-recession","display_name":"2009 recession","score":0.6620000004768372}],"concepts":[{"id":"https://openalex.org/C2779795794","wikidata":"https://www.wikidata.org/wiki/Q7315343","display_name":"Reset (finance)","level":2,"score":0.4711930751800537},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.21551096439361572},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:digitalcommons.unl.edu:bbrbin-1062","doi":null,"is_oa":true,"landing_page_url":"http://digitalcommons.unl.edu/bbrbin/64","pdf_url":"http://digitalcommons.unl.edu/bbrbin/64","source":{"id":"https://openalex.org/S4306400577","display_name":"Lincoln (University of Nebraska)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114395901","host_organization_name":"University of Nebraska\u2013Lincoln","host_organization_lineage":["https://openalex.org/I114395901"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business in Nebraska","raw_type":"text"},{"id":"mag:174046225","doi":null,"is_oa":false,"landing_page_url":"https://digitalcommons.unl.edu/bbrbin/64/","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:digitalcommons.unl.edu:bbrbin-1062","doi":null,"is_oa":true,"landing_page_url":"http://digitalcommons.unl.edu/bbrbin/64","pdf_url":"http://digitalcommons.unl.edu/bbrbin/64","source":{"id":"https://openalex.org/S4306400577","display_name":"Lincoln (University of Nebraska)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114395901","host_organization_name":"University of Nebraska\u2013Lincoln","host_organization_lineage":["https://openalex.org/I114395901"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business in Nebraska","raw_type":"text"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W174046225.pdf","grobid_xml":"https://content.openalex.org/works/W174046225.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W57202398","https://openalex.org/W2884151863","https://openalex.org/W2047298732","https://openalex.org/W2487983194","https://openalex.org/W17085179","https://openalex.org/W81862340","https://openalex.org/W7001899182","https://openalex.org/W30000129","https://openalex.org/W7066096487","https://openalex.org/W4244287823"],"abstract_inverted_index":{"THE":[0],"GREAT":[1],"\u201cRESET\u201d":[2],"U.S.":[3,42,149,417,435,458],"Macroeconomic":[4],"Outlook":[5,534],"Recent":[6],"consumer":[7],"spending,":[8],"home":[9,130,167],"and":[10,13,27,71,119,135,144,169,185,197,199,251,253,296,328,403,431,446,484,510,537,541],"retail":[11],"sales,":[12],"industrial":[14],"production":[15,201],"reports":[16],"suggest":[17],"that":[18,28,80,367],"the":[19,29,41,84,100,124,148,183,214,231,261,264,317,331,334,342,368,377,388,391,401,416,488,493,511,524,574,577],"economy":[20,43,50,150,232,239,265,319,370],"may":[21,308],"be":[22,478,498,528],"nearing":[23],"a":[24,54,87,109,126,179,211,221,255,522],"turning":[25],"point,":[26],"recession":[30,215,262,307,525],"will":[31,44,141,164,177,190,202,266,276,290,312,371,419,460,466,496,526],"end":[32,85,309,378],"later":[33],"this":[34,39,286,473,583],"year.":[35,209],"But,":[36,381,491],"even":[37,73,408],"if":[38],"happens,":[40],"still":[45,151],"face":[46,165],"major":[47,153],"challenges.":[48],"The":[49,159,238,306,505,566],"has":[51],"dug":[52],"itself":[53],"deep":[55,530],"hole,":[56],"with":[57],"very":[58],"high":[59],"levels":[60,98,207,248],"of":[61,86,123,132,223,227,249,257,281,325,379,390,464,568,576,589,595,602,608,622,628,635,640,647],"unemployment.":[62,329],"Further,":[63],"there":[64],"are":[65,349,383],"reasons":[66],"to":[67,94,96,193,235,244,246,283,300,302,320,365,373,440],"expect":[68,220,415],"an":[69],"anemic":[70],"perhaps":[72],"unsteady":[74],"recovery,":[75,394],"rather":[76],"than":[77,354,410],"rapid":[78,110,224],"expansion":[79],"often":[81],"occurs":[82],"at":[83],"recession.":[88,490],"First,":[89],"consumption":[90,295],"is":[91,104,240,339,399,438,571],"not":[92,191,219,497,516,527],"likely":[93,243],"return":[95,301,372],"pre-recession":[97,236],"in":[99,112,120,129,155,171,182,355,360,396,423,429,433,444,449,456,469,501,507,513,531],"near":[101],"future.":[102],"This":[103,398],"because":[105,400],"consumers":[106,140],"have":[107,406,515],"experienced":[108],"decline":[111,128,420,441,506],"their":[113],"wealth,":[114,139],"through":[115],"falling":[116],"stock":[117],"values,":[118],"some":[121],"parts":[122],"country,":[125],"steep":[127],"values":[131],"between":[133],"30%":[134],"50%.":[136],"With":[137],"less":[138],"save":[142],"more":[143,242,322,352,385],"spend":[145],"less.":[146],"Second,":[147],"faces":[152],"imbalances":[154],"several":[156,292,314],"key":[157],"markets.":[158],"already":[160],"weak":[161],"financial":[162],"sector":[163],"rising":[166],"foreclosures":[168],"bankruptcies":[170],"commercial":[172],"properties.":[173],"These":[174],"same":[175],"forces":[176],"prevent":[178],"robust":[180],"recovery":[181],"housing":[184,402],"auto":[186,404],"sectors.":[187],"Home":[188],"prices":[189],"begin":[192],"recover":[194],"until":[195],"2010,":[196,430],"construction":[198],"automobile":[200],"remain":[203],"well":[204],"below":[205],"normal":[206,323],"next":[208],"As":[210,330,521],"result,":[212,523],"when":[213],"ends":[216],"we":[217,348,382,411,476],"do":[218],"period":[222,256],"growth,":[225],"typical":[226],"most":[228],"recoveries,":[229],"where":[230],"quickly":[233],"returns":[234],"levels.":[237,305],"much":[241],"\u201creset\u201d":[245,287],"current":[247,489],"output":[250],"employment":[252,437],"enter":[254],"slow":[258],"expansion.":[259],"When":[260],"ends,":[263],"grow":[267],"again":[268],"from":[269],"these":[270],"new,":[271],"lower":[272],"levels,":[273],"but":[274,310],"growth":[275,375],"only":[277,467],"reach":[278,461],"trend":[279],"rates":[280,324],"2%":[282],"3%.":[284],"Under":[285],"scenario,":[288],"it":[289,311],"take":[291,313],"years":[293,315],"for":[294,316,480,573],"gross":[297],"domestic":[298],"product":[299],"late":[303,470],"2007":[304],"national":[318,343,369,474],"approach":[321],"capacity":[326],"utilization":[327],"preceding":[332],"suggests,":[333],"Nebraska":[335,482,502,533,578,600,614,620,626],"Business":[336,569,579,641],"Forecast":[337,580],"Council":[338],"pessimistic":[340,353,386],"about":[341,387],"economic":[344,393,494],"outlook.":[345],"In":[346],"fact,":[347],"now":[350,384,414],"slightly":[351],"our":[356],"previous":[357],"outlook":[358,475],"released":[359],"January":[361],"2009.":[362,380],"We":[363,413],"continue":[364],"believe":[366],"GDP":[374,418],"before":[376,425,451],"strength":[389],"ensuing":[392],"particularly":[395],"2010.":[397],"sectors":[405],"been":[407,517],"weaker":[409],"anticipated.":[412],"by":[421,442,453,487],"3%":[422,432],"2009,":[424,445],"growing":[426,452],"just":[427,454],"2.5%":[428],"2011.":[434,457,471],"non-farm":[436],"expected":[439],"3.5%":[443],"fall":[447],"0.5%":[448],"2010":[450],"1.1%":[455],"unemployment":[459,514],"10%.":[462],"Signs":[463],"inflation":[465],"appear":[468],"Given":[472],"must":[477],"concerned":[479],"those":[481],"workers":[483],"businesses":[485],"dislocated":[486],"overall,":[492],"situation":[495],"as":[499,503,518,529],"dire":[500],"nationwide.":[504],"property":[508],"wealth":[509],"increase":[512],"severe":[519],"here.":[520],"Nebraska.":[532],"Employment":[535],"Construction":[536],"Mining":[538],"Manufacturing":[539],"Transportation":[540],"Utilities":[542],"Wholesale":[543],"Trade":[544,546],"Retail":[545,561],"Information":[547],"Financial":[548],"Services":[549,550],"Government":[551],"Personal":[552,555],"Income":[553,556,558],"Nonfarm":[554],"Farm":[557],"Net":[559],"Taxable":[560],"Sales":[562],"Our":[563],"Thanks":[564],"\u2026":[565],"Bureau":[567,639],"Research":[570],"grateful":[572],"help":[575],"Council.":[581],"Serving":[582],"session":[584],"were":[585],"John":[586],"Austin,":[587],"Department":[588,594,601,607,621,627,646],"Economics,":[590,596,610,648],"UNL;":[591,611,643],"Chris":[592],"Decker,":[593],"UNO;":[597],"Tom":[598],"Doering,":[599],"Economic":[603],"Development;":[604],"Bruce":[605],"Johnson,":[606],"Agricultural":[609],"Ken":[612],"Lemke,":[613],"Public":[615],"Power":[616],"District;":[617],"Shannon":[618],"Ramaeker,":[619],"Labor;":[623],"Franz":[624],"Schwarz,":[625],"Revenue;":[629],"Scott":[630],"Strain,":[631],"Greater":[632],"Omaha":[633],"Chamber":[634],"Commerce;":[636],"Eric":[637],"Thompson,":[638],"Research,":[642],"Keith":[644],"Turner,":[645],"UNO":[649],"(emeritus)":[650]},"counts_by_year":[{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":5}],"updated_date":"2026-09-25T08:18:29.962427","created_date":"2016-06-24T00:00:00"}
