CHARLES, Amelie; Darné, Olivier; Ferrara, Laurent - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2014
After years of low macroeconomic volatility since the early eighties, well documented and referred to as the Great Moderation period in the literature, the 2008-2009 worldwide recession adversely impacted output levels in most of advanced countries. This Great Recession period was characterized...