Recession-specific recoveries: L's, U's and everything in between

DOI10.1016/J.ECONLET.2021.110145MaRDI QIDQ824023zbMATH OpenOpenAlexFDO

Authors Luiggi Donayre, Irina Panovska

Publication date 14 December 2021

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2021.110145

zbMATH Keywords

asymmetrybusiness cyclesMarkov-switchingrecovery

Mathematics Subject Classification ID

Economic growth models (91B62) Statistical methods; economic indices and measures (91B82)

Recommendations

• Dissecting US recoveries
• Re-evaluating Okun's law: why all recessions and recoveries are ``different
• Deciphering the causes for the post-1990 slow output recoveries
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Cites work

• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• A Reference Bayesian Test for Nested Hypotheses and its Relationship to the Schwarz Criterion
• Financial frictions, trends, and the great recession
• scientific article; zbMATH DE number 5729907 (Why is no real title available?)
• Likelihood ratio-based tests for Markov regime switching
• Outliers and persistence in threshold autoregressive processes
• State-dependent effects of fiscal policy

Cited in

(5)

• Dissecting US recoveries
• Re-evaluating Okun's law: why all recessions and recoveries are ``different
• Nonlinearity in the wage Phillips curve: euro area analysis
• scientific article; zbMATH DE number 1003092 (Why is no real title available?)
• Does the survey of professional forecasters help predict the shape of recessions in real time?

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