used to analyse the transmission channels contributing to economic and financial crises is theoretical. Nevertheless, the …, this Communication reminds that "typical" economic and financial crises in advanced economies behave along some …

. The second factor is financial crises. Where predictive models view the future as a reflection of the past, financial … forward-looking conditions, which include future expected financial crises. The third factor considers the impact of financial … crises can violate this assumption. This creates a new field of research on how to adjust predictive models to incorporate …