behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand …, when shocks are deep and persistent enough, like during the Great Recession, they call for a downward revision of potential … followed the Great 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 …