| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8396 |
| DP8396 How Do Business and Financial Cycles Interact? | |
| Stijn Claessens; M. Ayhan Kose; Marco Terrones | |
| 发表日期 | 2011-05-19 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial cycles. In particular, recessions associated with financial disruption episodes, notably house price busts, tend to be longer and deeper than other recessions. Conversely, recoveries associated with rapid growth in credit and house prices tend to be stronger. These findings emphasize the importance of developments in credit and housing markets for the real economy. |
| 主题 | Financial Economics |
| 关键词 | Credit crunches Asset busts Booms Recessions Recoveries Financial crises |
| URL | https://cepr.org/publications/dp8396 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537219 |
| 推荐引用方式 GB/T 7714 | Stijn Claessens,M. Ayhan Kose,Marco Terrones. DP8396 How Do Business and Financial Cycles Interact?. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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