Dissecting US Recoveries
18 Pages Posted: 2 May 2017
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Dissecting US Recoveries
Date Written: April 2017
Abstract
We propose a set of new quantitative measures to characterise more fully the features of economic recoveries. We apply these measures to postwar 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
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Dissecting US Recoveries
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