| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15466 |
| DP15466 The Economic Impact of Recession Announcements | |
| Andrew Eggers; Martin Ellison; Sang Seok Lee | |
| 发表日期 | 2020-11-18 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | The convention in the news media is to announce a recession if a country experiences two consecutive quarters of negative growth. We exploit the arbitrary threshold implied by this practice to identify the economic impact of recession announcements through a Regression Discontinuity Design (RDD). Estimation results show that news of a recession leads to a discontinuous fall in consumer confidence, consumption growth and final estimates of GDP growth in a panel of countries. The effect is large, robust and statistically significant. |
| 主题 | Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp15466 |
| 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/544463 |
| 推荐引用方式 GB/T 7714 | Andrew Eggers,Martin Ellison,Sang Seok Lee. DP15466 The Economic Impact of Recession Announcements. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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