Dissecting US recoveries

Pérez-Quirós, Gabriel, María Gadea () and Ana Gómez-Loscos
Authors registered in the RePEc Author Service: Gabriel Perez Quiros

No 11997, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We propose a set of new quantitative measures to characterise more fully the features of economic recoveries. We apply these measures to postwar 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: Business cycles; Recoveries (search for similar items in EconPapers)
JEL-codes: C22 E32 (search for similar items in EconPapers)
Date: 2017-04
New Economics Papers: this item is included in nep-his and nep-mac
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Citations: View citations in EconPapers (8)

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