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
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
New Economics Papers: this item is included in nep-his and nep-mac
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Journal Article: Dissecting US recoveries (2017)
Working Paper: Dissecting US recoveries (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:1708
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