
It is essential that policymakers employ “macroprudential tools” (oversight of financial markets) before the next financial crisis to avoid or minimize asset bubbles and the increased leverage that are the fodder of financial catastrophes. As explained in greater detail in Section 5: Our findings have important implications for how policymakers should respond to the next financial crisis, which will inevitably occur at some point because crises are an inherent part of our financial system. All told, the policy responses - the 2009 Recovery Act, financial interventions, Federal Reserve initiatives, auto rescue, and more - were a resounding success. Nevertheless, these unpopular responses had a larger combined impact on growth and jobs than the fiscal interventions. Indeed, certain financial responses were deeply unpopular, like the bank bailouts in the Troubled Asset Relief Program (TARP). Many policy responses were controversial at the time and remain so in retrospect. To be sure, while some aspects of the policy responses worked splendidly, others fell far short of hopes. Unemployment was almost seven percentage points lower that year than it would have been, with about 10 million more jobs. We estimate that, due to the fiscal and financial responses of policymakers (the latter of which includes the Federal Reserve), real GDP was 16.3% higher in 2011 than it would have been. Today’s economy might be far weaker than it is - with real GDP in the second quarter of 2015 about $800 billion lower than its actual level, 3.6 million fewer jobs, and unemployment at a still-dizzying 7.6%. The budget deficit would have grown to more than 20 percent of GDP, about double its actual peak of 10 percent, topping off at $2.8 trillion in fiscal 2011.
Unemployment would have peaked at just under 16%, rather than the actual 10%. More than 17 million jobs would have been lost, about twice the actual number. The economy would have contracted for more than three years, more than twice as long as it did. The peak-to-trough decline in real gross domestic product (GDP), which was barely over 4%, would have been close to a stunning 14%. Without the policy responses of late 2008 and early 2009, we estimate that: The Data Security guide explains how Panoply protects your data, our approach to access control, and details about IP whitelisting.The massive and multifaceted policy responses to the financial crisis and Great Recession - ranging from traditional fiscal stimulus to tools that policymakers invented on the fly - dramatically reduced the severity and length of the meltdown that began in 2008 its effects on jobs, unemployment, and budget deficits and its lasting impact on today’s economy. We value our customers, so we use the latest security measures. Panoply integrates with Business Intelligence tools such as Metabase, Tableau, Data Bricks, Looker, Jupyter Notebook, RStudio, and QlickView as well as ETL Tools, like Stitch.Īs long as the tool you want to connect to Panoply uses ODBC/JDBC or has a built-in connector for Google BigQuery, Postgres or AWS Redshift, you should be able to use the same connection details for everything.
Once your data is collected, it is stored in your data warehouse, built in either Google BigQuery or Amazon Redshift. These include things like primary and incremental keys, destinations, schemas and how nested data is handled. For most data sources the initial setup takes only minutes, but for advanced control of the data, there are a number of advanced settings that users can modify to manage how the data is collected. You can set up any major database as a data source, ingest data via file upload, or choose one of the APIs Panoply supports. Panoply makes it easy to connect your many data sources. Getting Started Connecting to your Data Sources
The documentation contained in these pages will help you get started collecting and managing your data from all of your data sources. Welcome to Panoply, we're glad you're here.