Blinder will write a historical analysis of the 2007-08 financial crisis and the Great Recession. He will examine the origins of the crisis, including the slump in the housing market, the resulting freeze in the credit markets, and the contagion that spread to the entire economy. He will analyze how the crisis progressed and the extent of the damage, from historic unemployment levels to cascading bank failures. Blinder will conclude by assessing policy responses to the crisis, such as the fiscal stimulus bill, as well as the crisis’ longer term economic legacy.