Business Cycles and Recessions: Oecd Taxonomy(2012)
AbstractRecessions 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.
- Business Cycle,
- Stabilization Policies
Publication DateDecember, 2012
Citation Informationriccardo fiorito. "Business Cycles and Recessions: Oecd Taxonomy" (2012)
Available at: http://works.bepress.com/riccardo_fiorito/16/