Dissecting US Recoveries
22 Pages Posted: 9 Mar 2017
Date Written: March 9, 2017
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