Booms, Crises, and Recoveries : A New Paradigm of the Business Cycle and its Policy Implications /

All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for shift...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Cerra, Valerie
Rannpháirtithe: Saxena, Sweta
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2017.
Sraith:IMF Working Papers; Working Paper ; No. 2017/250
Rochtain ar líne:Full text available on IMF