Hong, Kiseok; Tang, Hsiao Chink - In: Journal of Asian Economics 23 (2012) 6, pp. 654-668
The goal of this paper is to provide stylized facts on recovery from economic downturns and to evaluate the role of … macroeconomic policies in promoting recovery. In particular, we examine gross domestic product (GDP) recessions and financial … Development (OECD) economies and 21 developing Asian economies. We find, in general, recovery from a GDP recession in the Asian …