Gaffeo, Edoardo; Gallegati, Mauro; Giulioni, Gianfranco; … - In: Physica A: Statistical Mechanics and its Applications 324 (2003) 1, pp. 408-416
We study the duration distribution of recessions and recoveries occurred in a pool of industrialized countries during the last 120 years. We find that for recessions the duration is distributed according to a power law, and that the power exponent is virtually invariant as we split up the time...
