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.

Agnello, L., & Nerlich, C. (2012). On the severity of economic downturns: lessons from cross-country evidence. ECONOMICS LETTERS, 117(1), 149-155 [10.1016/j.econlet.2012.04.068].

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

AGNELLO, Luca;
2012

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.
Settore SECS-P/02 Politica Economica
Agnello, L., & Nerlich, C. (2012). On the severity of economic downturns: lessons from cross-country evidence. ECONOMICS LETTERS, 117(1), 149-155 [10.1016/j.econlet.2012.04.068].
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10447/66150
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