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Persistent link: https://www.econbiz.de/10005415233
The 2001 recession was unique in several respects. For instance, the peak-to-trough decline in real gross domestic product was one of the smallest on record and its duration was slightly shorter than average. This article examines some of the other unique features of the 2001 recession compared...
Persistent link: https://www.econbiz.de/10005519750
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variables such as the index of leading indicators, the yield curve is an excellent predictor of recessions. In this article …
Persistent link: https://www.econbiz.de/10005414806
Business recessions are notoriously hard to predict accurately, hence the quip that economists have predicted eight of … the last five recessions. This article derives a six-month-ahead recession signal that reduces the number of false signals … outside of recession, without impairing the ability to signal the recessions that occur. In terms of predicting the 1990 …
Persistent link: https://www.econbiz.de/10005414814
A number of recent articles have examined the ability of financial variables to predict recessions. In this article …
Persistent link: https://www.econbiz.de/10005415024
In 1962, Arthur Okun posited an empirical relationship between the change in the unemployment rate and real output growth. Since then, the media, policymakers, pundits, and intermediate macro students have used the so-called Okun’s law as a rule of thumb to relate changes in unemployment to...
Persistent link: https://www.econbiz.de/10010733934
Labor mismatch, also known as structural imbalance, can be defined as a poor match between the characteristics of unemployed workers and those required for vacant jobs. In the wake of the jobless recovery from the Great Recession, economists have sought to explain the coexistence of a high...
Persistent link: https://www.econbiz.de/10011026886
regression techniques to forecast changes in output or dichotomous choice models to forecast recessions. Others use time … nonlinearities. Many studies find that the term spread predicts output growth and recessions up to one year in advance, but several … recessions. …
Persistent link: https://www.econbiz.de/10005078415
restructuring. A key implication of the analysis is that recoveries from recessions following long expansions will have slower …
Persistent link: https://www.econbiz.de/10005724875