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

Luca Agnello; Carolin Nerlich; Luca Agnello

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

Luca Agnello, Carolin Nerlich, Luca Agnello

Scienze Economiche, Aziendali e Statistiche

Risultato della ricerca: Article › peer review

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 originale	English
pagine (da-a)	149-155
Numero di pagine	7
Rivista	Economics Letters
Volume	117
Stato di pubblicazione	Published - 2012

All Science Journal Classification (ASJC) codes

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title = "On the severity of economic downturns: lessons from cross-country evidence",

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.",

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AU - Nerlich, Carolin

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N2 - 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.

AB - 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.

KW - Business cycle

KW - Crises

KW - Quantile regression

KW - Business cycle

KW - Crises

KW - Quantile regression

UR - http://hdl.handle.net/10447/66150

M3 - Article

SN - 0165-1765

VL - 117

SP - 149

EP - 155

JO - Economics Letters

JF - Economics Letters

ER -

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

Abstract

All Science Journal Classification (ASJC) codes

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