it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of … the OECD countries, Australia did not even have a recession. In this paper we study the behaviour of the Australian … made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …

of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks … deep and persistent enough, like during the Great Recession, they call for a downward revision of potential output measures … Recession, as well as the V-shaped recoveries that followed the oil shock recessions. …