Showing 1 - 10 of 3,721
I empirically analyze the dynamics of business investment following normal recessions (declines in business investment that are not associated with banking crises) and banking crises. Using a panel of 16 advanced economies, I find evidence for significant non-linear trend reversion or...
Persistent link: https://www.econbiz.de/10010518645
Persistent link: https://www.econbiz.de/10011300758
Persistent link: https://www.econbiz.de/10010359825
Persistent link: https://www.econbiz.de/10010226478
Persistent link: https://www.econbiz.de/10010229604
Persistent link: https://www.econbiz.de/10010385435
Persistent link: https://www.econbiz.de/10010367556
Persistent link: https://www.econbiz.de/10010251426
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
Persistent link: https://www.econbiz.de/10011434680
Persistent link: https://www.econbiz.de/10011551201