nonlinear factor models designed to infer recessionary episodes of heterogeneous deepness, and fitted to the largest advanced … updated as soon as new regional data is released, as we show by measuring the economic effects of coronavirus. Second, it … provides a consistent narrative of the main regional contributors of world economy's weakness. Third, it allows to perform …

countries. This paper brings these two perspectives together by analyzing international growth fluctuations in a setting that …

to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …