6533b7d0fe1ef96bd125ad81

RESEARCH PRODUCT

On the severity of economic downturns: Lessons from cross-country evidence

Luca AgnelloLuca AgnelloCarolin Nerlich

subject

Economics and EconometricsCross countryFinancial economicsmusculoskeletal neural and ocular physiologymedia_common.quotation_subjecteducationSettore SECS-P/02 Politica EconomicaBusiness cyclemacromolecular substancesCurrent accountRecessionQuantile regressionCrisenervous systemQuantile regressionBusiness cycleEconomicsDemographic economicsFinancemedia_common

description

Abstract We measure the severity of recessions as a function of their amplitude and duration. Within a quantile regression framework, we assess what causes economic downturns to be more or less severe. We find that the most severe downturns have striking similarities regarding cumulated domestic credit and large current account deficits.

yearjournalcountryeditionlanguage
2012-10-01Economics Letters
https://doi.org/10.1016/j.econlet.2012.04.068