How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that …

Recession, taking a firm-level cross-country perspective. We contribute to the literature by building a new micro … and other relevant firm characteristics (CompNet). We use the database to study how firms reacted to the Great Recession …

Recession. The paper thus develops a new balance sheet channel of shock transmission that works through the composition of banks …

various categories of households since the onset of the Great Recession. The shocks differ substantially both across countries …

demand and credit contraction triggered by the global Great Recession of 2009. The analysis reveals that cost reduction … had adopted by summer 2009. Remarkably, not even during the worst postwar recession did employers cut base wages to reduce …

of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks … deep and persistent enough, like during the Great Recession, they call for a downward revision of potential output measures … Recession, as well as the V-shaped recoveries that followed the oil shock recessions …

We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing … additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock … (such as the Covid-19 recession), financial variables serve policymakers in providing timely warnings about the severity of …

implied the highest probability of a recession occurring from a pre-crisis perspective …