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- Brye Steeves (2009): Recessions 101: when is a downturn a recession?
Learn about how economists define when we're in a recession, what that means and how the current economic crisis compares with previous ones.
RePEc:fip:fedkte:y:2009:i:spr:p:18-21 Save to MyIDEAS - Douglas C. Smith (2009): What is a recession?
The past year has seen much debate about whether the United States is officially in (or not in) a recession (it is). But just what is a recession? ... Or, in other words, what actually makes a recession a recession?
RePEc:fip:fedlli:y:2009:i:february Save to MyIDEAS - Òscar Jordà (2010): Diagnosing recessions
The beginnings and ends of recessions are officially dated about 12 months after the fact. A common rule of thumb declares recessions as two quarters of consecutive negative GDP growth, but this is very inaccurate. A better option is to apply medical diagnostic evaluation methods to the business conditions indexes of the Chicago and Philadelphia Federal Reserve Banks, which suggests the recent recession ended sometime between June and August 2009.
RePEc:fip:fedfel:y:2010:i:feb16:n:2010-05 Save to MyIDEAS - Kevin L. Kliesen (2009): Recession or depression?
"Although the current recession may.. be the longest in the postwar period, it is by no means certain that it will be the deepest, but it's increasingly looking that way.
RePEc:fip:fedles:y:2009:n:15 Save to MyIDEAS - Craig P. Aubuchon & David C. Wheelock (2009): The global recession
...an unusually high percentage of the world's large countries and major U.S. trading partners are currently experiencing a recession.
RePEc:fip:fedles:y:2009:n:22 Save to MyIDEAS - Charles S. Gascon (2009): The current recession: how bad is it?
In a recession, the severity of the decline is just as relevant as the duration of the recession.
RePEc:fip:fedles:y:2009:n:4 Save to MyIDEAS - Fernando M. Martin (2013): Winners and losers in the Great Recession
For a significant number of industries - representing roughly a quarter of the U.S. economy - the most recent recession has been business as usual when judged by pre-recession trends.
RePEc:fip:fedles:y:2013:n:12 Save to MyIDEAS - Zhen Huo & José-Víctor Ríos-Rull (2012): Engineering a paradox of thrift recession
We build a variation of the neoclassical growth model in which financial shocks to households or wealth shocks (in the sense of wealth destruction) generate recessions. ... We pose a new ingredient that greatly magnifies the recession: a reduction in consumption expenditures reduces measured productivity, while technology is unchanged due to reduced utilization of production capacity. Our model provides a novel, quantitative theory of the current recessions in southern Europe.
RePEc:fip:fedmsr:478 Save to MyIDEAS - Mark S. Sniderman (2011): Generation recession? How the recession may change America
Nobody yet knows the ultimate footprint that the Great Recession will have on the nation. ... the recession really turns out to be.
RePEc:fip:fedcff:y:2011:i:fall:n:v.2no.3 Save to MyIDEAS - Travis J. Berge & Early Elias & Òscar Jordà (2011): Future recession risks: an update
s Leading Economic Index showed a significant possibility of a U.S. recession over a 24-month period. ... Updated forecasts suggest that the probability of a U.S. recession has remained elevated and may have increased over the past year, in part because of foreign financial and economic crises.
RePEc:fip:fedfel:y:2011:i:nov.14:n:2011-35 Save to MyIDEAS