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

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

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 …

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 …

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 …