The North American natural gas market has been driven by price-induced responses, said analysts at Goldman Sachs, but it is slowly transitioning to policy-induced changes.
The 2007-09 recession was induced by a financial crisis and some, most notably economists Carmen Reinhart and Kenneth Rogoff (authors of "This Time is Different: Eight Centuries of Financial Folly"), argue that financial crises pose more difficult recovery problems than do policy-induced recessions.