adoption of these policies, and the severity of the economic recessions. One year after the original ex-ante calibration, we …

recessions allows for a more general discussion on the impact of adjustment frictions in the dual labor market and the effects …

between the Divisia and the simple sum aggregate has a significant predictive content for recessions in euro area countries. …

integrated global financial markets. Third, how costly are recessions that followed these types of crises? Although the latest … comparisons indicate that recessions associated with periods of deep financial disruptions result in much larger declines in real …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … cutbacks in expenditure - with a greater reliance on cuts to nondurable expenditure than was seen in previous recessions. We … show that, both inside and outside recessions, the extent to which the growth in durable purchases is more volatile than …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … expenditure than was seen in previous recessions, and the distributional pattern across individuals differs. The young have cut …