Boysen-Hogrefe, Jens; Jannsen, Nils; Meier, Carsten-Patrick - Institut für Weltwirtschaft (IfW) - 2015
associated with either banking crises or housing crises. Using a parametric panel framework that allows for a bounce-back in the …. This bounce-back is absent following recessions associated with banking crises and housing crises. Consequently, the … permanent output losses of recessions associated with banking crises and housing crises are considerably larger than those of …