recessions (depth, steepness and duration) in the case of the Mexican states employment during the 2001-2003 and 2008 …-2009 recessions. The original models are extended to include the effects of external and fiscal shocks, as measured by the annual … steepness of prior recessions (as measured by the percentage accumulated drop and the monthly average growth rate of employment …

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 …

We study cross-sectional and long-term poverty in Sweden over a period spanning two recessions, and discuss changes in …

pronounced before recessions. The results obtained from a panel probit model confirm that the divergence between the Divisia and … the simple sum aggregate has a significant predictive content for recessions in euro area countries. …

integrated global financial markets. Third, how costly are recessions that followed these types of crises? Although the latest … comparisons indicate that recessions associated with periods of deep financial disruptions result in much larger declines in real …