Leiva-Leon, Danilo; Pérez-Quirós, Gabriel; Rots, Eyno - 2020
nonlinear factor models designed to infer recessionary episodes of heterogeneous deepness, and fitted to the largest advanced … updated as soon as new regional data is released, as we show by measuring the economic effects of coronavirus. Second, it … provides a consistent narrative of the main regional contributors of world economy's weakness. Third, it allows to perform …