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Dissecting US recoveries

María Gadea (), Ana Gómez-Loscos () and Gabriel Pérez-Quirós ()
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Gabriel Pérez-Quirós: Banco de España and CEPR

Authors registered in the RePEc Author Service: Gabriel Perez Quiros

No 1708, Working Papers from Banco de España

Abstract: We propose a set of new quantitative measures to characterise more fully the features of economic recoveries. We apply these measures to post-war US expansions and use cluster analysis to determine that there are two different types of recoveries in recent US economic history, with most expansions before 1984 (Great Moderation) looking quite different from those after.

Keywords: keyword; business cycles; recoveries (search for similar items in EconPapers)
JEL-codes: C22 E32 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2017-03
New Economics Papers: this item is included in nep-his and nep-mac
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Citations: View citations in EconPapers (5) Track citations by RSS feed

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http://www.bde.es/f/webbde/SES/Secciones/Publicaci ... /17/Fich/dt1708e.pdf First version, March 2017 (application/pdf)

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Journal Article: Dissecting US recoveries (2017) Downloads
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