Dissecting US Recoveries

18 Pages Posted: 2 May 2017

Multiple version iconThere are 2 versions of this paper

Date Written: April 2017


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

Gadea Rivas, Maria Dolores and Gómez-Loscos, Ana and Pérez-Quirós, Gabriel, Dissecting US Recoveries (April 2017). CEPR Discussion Paper No. DP11997, Available at SSRN: https://ssrn.com/abstract=2961758

Maria Dolores Gadea Rivas (Contact Author)

University of Zaragoza ( email )

Gran Via 2
Zaragoza, 50005

Ana Gómez-Loscos

Banco de España ( email )

Alcala 50
Madrid 28014

Gabriel Pérez-Quirós

Banco de España

Alcala 50
Madrid 28014

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