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Unpublished Paper
Business Cycles and Recessions: Oecd Taxonomy
(2012)
  • riccardo fiorito, University of Siena
Abstract
Recessions are less frequent, more volatile and less persistent than negative cyclical swings. Oecd annual data are used to classify major recessions in the last 50 years, providing a taxonomy which involves about the 10% of cases in our sample. We also provide a simple way for inserting negative (positive) growth cases into standard business cycles, stressing the importance of recessions for addressing stabilization policies.
Keywords
  • Recession,
  • Business Cycle,
  • Stabilization Policies
Disciplines
Publication Date
December, 2012
Citation Information
riccardo fiorito. "Business Cycles and Recessions: Oecd Taxonomy" (2012)
Available at: http://works.bepress.com/riccardo_fiorito/16/