The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions … to large recessions. The test has more power than conventional unit root tests. We find that positive and negative shocks …

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 …

recessions. Deviations in equity issuance from historical averages also help to explain economic activity over the business cycle …. Crises and recessions often occur independently of domestic leverage, making the credit-to-GDP gap a deficient early …

current institutions, past performance during recessions, and the policy measures adopted during the pandemic. Emphasis is …

. Whereas recent recessions in advanced economies usually had a disproportionate impact on men's employment, giving rise to the …