Brenner, Menachem; Izhakian, Yehuda (Yud) - 2021
This paper focuses on the 2008 to 2020 period during which two major crises, affecting the economy and the financial markets, occurred. Between 2008 and 2020, there were less extreme tail events, including the lingering Eurozone and Greece crises. In particular, after extremely high stock market...