Christiansen, Charlotte - School of Economics and Management, University of Aarhus - 2011
Severe simultaneous recessions are de?ned to occur when at least half of the countries under investigation (Australia … that extend upon stylized facts for US recessions. One, are the occurrences of simultaneous recessions predictable? Two …, does the yield spread predict future occurrences of simultaneous recessions? I use the indicator for severe simultaneous …