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Title: Market freedom and the global recession

Author(s): Domenico Giannone, Michele Lenza and Lucrezia Reichlin

Publication Date: June 2010

Keyword(s): Financial Crisis, Market freedom and Recession

Programme Area(s): International Macroeconomics

Abstract: In this study we find that the set of policies that favor liberalization in credit markets (regulatory quality) are negatively correlated with countries? resilience to the recent recession as measured by output growth in 2008 and 2009.

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Bibliographic Reference

Giannone, D, Lenza, M and Reichlin, L. 2010. 'Market freedom and the global recession'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=7884