Camacho, Maximo; Perez Quiros, Gabriel; Rodriguez … - In: Journal of Economic Dynamics and Control 35 (2011) 8, pp. 1322-1339
We present evidence about the disappearance of the high-growth recoveries from recessions with intense job creation typically observed until the eighties. This result matches the belief that recessions now have an L-shape as opposed to the old-time recessions that always had a V-shape. We also...