| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21021 |
| 来源ID | Working Paper 21021 |
| New Evidence on the Impact of Financial Crises in Advanced Countries | |
| Christina D. Romer; David H. Romer | |
| 发表日期 | 2015-03-16 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper examines the aftermath of financial crises in advanced countries in the four decades before the Great Recession. We construct a new series on financial distress in 24 OECD countries for the period 1967–2007. The series is based on assessments of the health of countries’ financial systems from a consistent, real-time narrative source; and it classifies financial distress on a relatively fine scale, rather than treating it as a 0-1 variable. We find that output declines following financial crises in modern advanced countries are highly variable, on average only moderate, and often temporary. One important driver of the variation in outcomes across crises appears to be the severity and persistence of the financial distress itself. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Financial Economics ; History ; Macroeconomic History ; Financial History |
| URL | https://www.nber.org/papers/w21021 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578694 |
| 推荐引用方式 GB/T 7714 | Christina D. Romer,David H. Romer. New Evidence on the Impact of Financial Crises in Advanced Countries. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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