Download This PaperDissecting US Recoveries
22 Pages Posted: 9 Mar 2017
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Dissecting US Recoveries
Banco de Espana Working Paper No. 1708
Number of pages: 22
Posted: 09 Mar 2017
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Date Written: March 9, 2017
Abstract
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: business cycles, recoveries
JEL Classification: C22, E32
Suggested Citation: Suggested Citation
Gadea Rivas, Maria Dolores and Gómez-Loscos, Ana and Pérez-Quirós, Gabriel, Dissecting US Recoveries (March 9, 2017). Banco de Espana Working Paper No. 1708, Available at SSRN: https://ssrn.com/abstract=2929993 or http://dx.doi.org/10.2139/ssrn.2929993
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