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Title: Dissecting US recoveries

Author(s): Maria Dolores Gadea Rivas, Ana Gómez Loscos and Gabriel Pérez-Quirós

Publication Date: April 2017

Keyword(s): Business Cycles and recoveries

Programme Area(s): Monetary Economics and Fluctuations

Abstract: We propose a set of new quantitative measures to characterise more fully the features of economic recoveries. We apply these measures to postwar 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.

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Bibliographic Reference

Gadea Rivas, M, Gómez Loscos, A and Pérez-Quirós, G. 2017. 'Dissecting US recoveries'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=11997