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

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 …

current business cycle phase and of foreign recessions on the likelihood that expansions and recessions come to an end. With … to recessions in a G7 country, we find that the likelihood of them coming to an end is not affected by other G7 countries …' recessions. We find duration dependence of recessions for all G7 countries, i.e. recessions that have gone on for a while are …

comprehensive real-time forecasting exercise for recessions in the US. Moreover, we propose a novel smooth transition modelling …

Recent evidence for the U.S. suggests that recessions play a crucial role in promoting automation and the reallocation … technology revolution, fully all of the Canadian decline in routine job employment occurred during the three recessions. A …