recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …

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 …

-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 …

Recessions are complex events that affect personal health and behavior via various potentially opposing mechanisms …. While recessions are known to have negative effects on mental health and lead to an increase in suicides, it has been proven … that they reduce mortality rates. A general health policy agenda in relation to recessions remains ambiguous due to the …

This paper studies the informational content of the slope of the yield curve as a predictor of recessions in the euro … outperforms all the other spreads in predicting recessions in the euro area. The result is con¯rmed when the au …

-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 …

corporate) and the depth of recessions. To do this, we differentiate between financial recessions and normal recessions on the … basis of how quickly their private debt builds up. In addition to output recessions, we look at consumption and investment … recessions. We find that financial recessions are deeper than normal recessions in advanced economies−and the differences …