On the severity of economic downturns: lessons from cross-country evidence

Luca Agnello, Carolin Nerlich, Luca Agnello

Risultato della ricerca: Article

7 Citazioni (Scopus)

Abstract

We measure the severity of recessions as a function of their amplitude and duration. Within a quantile regression framework, we assess what causes economic downturns to be more or less severe. We find that the most severe downturns have striking similarities regarding cumulated domestic credit and large current account deficits.
Lingua originaleEnglish
pagine (da-a)149-155
Numero di pagine7
RivistaEconomics Letters
Volume117
Stato di pubblicazionePublished - 2012

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All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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