| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5057794 | Economics Letters | 2017 | 5 Pages |
Abstract
â¢We propose a set of measures to characterize the features of economic recoveries.â¢We apply the new set of measures to post-war US expansions and use cluster analysis.â¢We find that expansions before and after 1984 (Great Moderation) are quite different.
We propose a set of new quantitative measures to characterize 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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
MarÃa Dolores Gadea, Ana Gomez-Loscos, Gabriel Perez-Quiros,