Discussion paper

DP7884 Market freedom and the global recession

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.


Reichlin, L, D Giannone and M Lenza (eds) (2010), “DP7884 Market freedom and the global recession”, CEPR Press Discussion Paper No. 7884. https://cepr.org/publications/dp7884