Gortz, Christoph; Tsoukalas, John D. - In: Review of Economic Dynamics 16 (2013) 4, pp. 708-723
Recent cyclical episodes in the U.S. and G-7 economies are asymmetric: recoveries and expansions tend to be long and gradual and busts tend to be short and sharp. A large body of work views the two recent cyclical U.S. episodes, namely, the "new economy" boom in the late 1990s, and the 2000s...