Since the beginning of the economic crisis in Europe, Portugal has been one of the EU economies most affected. As a result, Portugal represents an important case study to examine how corporate leaders have handled the economic crisis. Using a qualitative approach, we interviewed 20 corporate...

Offers advice for business leaders looking to preserve their wealth and learn how to profit on the way out of the predicted coming Depression and provides a working list of potential key trends and the benefits and downsides of each

The recent changes in the national accounts unequivocally imply that the nature of the measured growth rate and business cycle has changed. This note investigates to what extent.

The dates of U.S. business cycle are reported by NBER with a considerable delay, so an early notion of turning points is of particular interest. This paper proposes a novel sequential approach designed for timely signaling these turning points. A directional cumulated sum decision rule is...

Using data from the Current Population Survey from 1980 through 2010 we examine what drives variation andcyclicality in the growth rate of real wages over time. We employ a novel decomposition technique that allowsus to divide the time series for median weekly earnings growth into the part...

This paper conducts an empirical analysis of the heterogeneity of recessions inmonthly U.S. coincident and leading indicator variables. Univariate Markovswitchingmodels indicate that it is appropriate to allow for two distinct recessionregimes, corresponding with ‘mild’ and ‘severe’...