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underlying state of the economy. We conclude by evaluating candidate leading indicators and hence construct recession probability …
Persistent link: https://www.econbiz.de/10009756961
underlying state of the economy. We conclude by evaluating candidate leading indicators and hence construct recession probability …
Persistent link: https://www.econbiz.de/10010994609
underlying state of the economy. We conclude by evaluating candidate leading indicators and hence construct recession probability …
Persistent link: https://www.econbiz.de/10010317138
Persistent link: https://www.econbiz.de/10011481828
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study of the universe of over 200 recession episodes in 14 advanced countries between 1870 and 2008, we document two key facts of the modern business cycle: financial-crisis...
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