Caldera Sánchez, Aida; De Serres, Alain; Gori, Filippo; … - 2016
Considering the deep and long-lasting impact of severe recessions, such as the 2008-09 financial crisis, it is … entail. Insofar as the risk-mitigating measures can involve a trade-off between growth and crisis risk, the most cost … on average GDP growth on the one hand, and either crisis risks or GDP growth at the (negative) tail end, on the other …