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at spreads roughly 1 percentage point above non-recession averages. A careful splicing of different unemployment rate …In the financial crisis and recession induced by the Covid-19 pandemic, many investment-grade firms became unable to … periods, spanning the Great Depression, Great Recession and the Covid Recession. Findings indicate that the announcement of …
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Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...
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, which triggered a global recession and a string of financial crises in emerging market and developing economies. If current …
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In the financial crisis and recession induced by the COVID-19 pandemic, many investment-grade firms became unable to …. A careful splicing of different unemployment rate series enables us to assess the effectiveness of recent Fed … interventions in these long-term debt markets over long sample periods, spanning the Great Depression, Great Recession and COVID …
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The Federal Open Market Committee raised the target range for the federal funds rate above the Effective Lower Bound in March 2022 for the first time since March 2020 and projected six more rate increases in 2022. The Committee’s actions follow the August 2020 revised Statement on Longer-Run...
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