Why Are Recessions So Hard to Predict? Random Shocks and Business Cycles

Thorsten Drautzburg

Economic Insights, 2019, vol. 4, issue 1, 1-8

Abstract: Economists are like doctors, not soothsayers. They can't predict recessions, but they can help us understand why one is happening. And that can make all the difference for policymaking.

Keywords: predictability; recession (search for similar items in EconPapers)
Date: 2019
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