Agenor, Pierre-Richard - Economics Research, World Bank Group - 2001
, and the size of the initial drop in the output gap in a downturn, matter in assessing the extent to which output shocks …The author examines whether output contraction associated with cyclical output fluctuations and economic crises have an … output, the unemployment rate, real wages, and the poverty rate) to test whether the initial cyclical position of the economy …