Published in:Banco de Espana Working Paper ; No. 1708
Extent:
1 Online-Ressource (22 p)
Language:
English
DOI:
10.2139/ssrn.2929993
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 9, 2017 erstellt
Description:
We propose a set of new quantitative measures to characterise more fully the features of economic recoveries. We apply these measures to post-war US expansions and use cluster analysis to determine that there are two different types of recoveries in recent US economic history, with most expansions before 1984 (Great Moderation) looking quite different from those after