-post classification of recessions and non-recessions 95% of the time for the one-quarter forecast horizon and 87% of the time for the four …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … cutbacks in expenditure - with a greater reliance on cuts to nondurable expenditure than was seen in previous recessions. We … show that, both inside and outside recessions, the extent to which the growth in durable purchases is more volatile than …

The relationship between recessions and productivity has been the focus of an important body of theoretical and … productivity in the aftermath of recessions. Our method allows us to distinguish between frontier technology and (in …-)efficiency effects of recessions. We present international evidence for a panel of 70 countries for the 1960-2000 period. Our results …

It is widely suggested that there is some relationship between banking crises and recessions. We assess whether there … is evidence for interdependency between recessions and banking crises using both non-parametric tests and unconditional … predict banking crises and recessions and if these variables can explain the previously observed interdependence. Inclusion of …

recessions accelerate this process. In doing so we establish a new fact about the demand for skill over the business cycle. Using …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … expenditure than was seen in previous recessions, and the distributional pattern across individuals differs. The young have cut …

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … age groups. We then study life-cycle models in which recessions involve one or more of: (i) an aggregate permanent …