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Credit and recessions.
Coricelli, Fabrizio; Roland, Isabelle - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010
The paper develops a simple model on the asymmetric role of credit markets in output fluctuations. When credit markets are underdeveloped and enterprise activity is financed by trade credit, shocks may induce a break-up of credit and production chains, leading to sudden and sharp contractions....
Persistent link: https://www.econbiz.de/10008622009
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Growth and crisis in transition : a comparative perspective.
Coricelli, Fabrizio; Maurel, Mathilde - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010
, separating episodes of crises from those of growth. Performance is measured by the output response following recessions, rather … than average rates of growth that aggregate periods of recessions and periods of growth. Results highlight significant … performance following the so-called "transitional recession" from that of "normal recessions", the analysis allows separating the …
Persistent link: https://www.econbiz.de/10008622017
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A Disaggregate Characterisation of Recessions
Coricelli, Fabrizio; Karadimitropoulou, Aikaterini; … - School of Economics, University of Kent - 2012
literature focuses on recessions at the aggregate level. We provide evidence on the behavior of a large set of developed and … external financial dependence of industries. We distinguish financial from normal recessions, and look at the patterns of the … leads to a rich set of results grouped in 14 stylized facts. Most importantly, we found that recessions tend to be more …
Persistent link: https://www.econbiz.de/10010548498
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Credit and recessions
Coricelli, Fabrizio; Roland, Isabelle - HAL - 2010
The paper develops a simple model on the asymmetric role of credit markets in output fluctuations. When credit markets are underdeveloped and enterprise activity is financed by trade credit, shocks may induce a break-up of credit and production chains, leading to sudden and sharp contractions....
Persistent link: https://www.econbiz.de/10010549101
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Growth and crisis in transition : a comparative perspective
Coricelli, Fabrizio; Maurel, Mathilde - HAL - 2010
, separating episodes of crises from those of growth. Performance is measured by the output response following recessions, rather … than average rates of growth that aggregate periods of recessions and periods of growth. Results highlight significant … performance following the so-called "transitional recession" from that of "normal recessions", the analysis allows separating the …
Persistent link: https://www.econbiz.de/10010549103
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A Disaggregate Characterisation of Recessions
Coricelli, Fabrizio; Karadimitropoulou, Aikaterini; … - 2012
literature focuses on recessions at the aggregate level. We provide evidence on the behavior of a large set of developed and … external financial dependence of industries. We distinguish financial from normal recessions, and look at the patterns of the … leads to a rich set of results grouped in 14 stylized facts. Most importantly, we found that recessions tend to be more …
Persistent link: https://www.econbiz.de/10010443384
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Reallocation effects of recessions and financial crises : an industry-level analysis
Coricelli, Fabrizio; Karadimitropoulou, Aikaterini E.; … - In: The B.E. journal of macroeconomics 16 (2016) 2, pp. 485-522
Persistent link: https://www.econbiz.de/10011512928