WIlliam Hauk is an Associate Professor of Economics at the Darla Moore School of Business at the University of South Carolina, where he teaches international trade and intermediate macroeconomics. Hauk does research on issues related to international trade, political economy, and economic growth.
Recessions – typically defined as two consecutive quarters of declining economic output – are always painful in terms of how they affect our economic well-being. Like all bad things, fortunately, they eventually end and a recovery begins. But not all recoveries or recessions look the same. And economists have a tendency to compare their varying […]