This paper draws its title from a paper written over 35 years ago by Geoffrey H. Moore (1967). Why the need for a reprise? First, there would appear currently to be somewhat diverging views as to what properly constitutes a recession. Second, largely as a result of this, in many countries other...

This paper draws its title from a paper written over 35 years ago by GeoffreyH. Moore (1967). Why the need for a reprise? First, there would appear currentlyto be somewhat diverging views as to what properly constitutes a recession. Second,largely as a result of this, in many countries other...

By mid-2008 the world was witnessing the unfolding of a relatively rare macroeconomic phenomenon, namely, the onset of what one might call a synchronized international -- or ‘world’ -- recession. But what exactly is a ‘synchronized world recession’? This article proposes a practical...