How can recessions be brought to an end? Effects of macroeconomic policy actions on durations of recession

Name: How can recessions be brought to an end? Effects of macroeconomic policy actions on durations of recession
Author: Taş, B. K. O., Cünedioğlu, Hüseyin Ekrem

İsim	How can recessions be brought to an end? Effects of macroeconomic policy actions on durations of recession
Yazar	Taş, B. K. O., Cünedioğlu, Hüseyin Ekrem
Basım Tarihi:	2014-05
Basım Yeri	- Elsevier
Konu	Recession, Macroeconomic policy, Duration analysis
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	2-s2.0-84902078149
Kayıt Numarası	ff9acfc5-3ebc-4867-bbb7-e02e58471769
Tarih	2014-05
Notlar	Due to copyright restrictions, the access to the full text of this article is only available via subscription.
Örnek Metin	This paper analyzes how effective macroeconomic policy actions are in ending recessions. We also investigate which structural factors help the country to experience shorter recessions. We implement survival regression analysis and conclude that expansionary monetary policy significantly decreases durations of recessions whereas fixing the exchange rate does not have an effect on the durations of recessions. Expansionary fiscal policy has undesired effects and decreases the probability that recession will end, thus increasing the durations of recessions. The analysis of country specific factors indicates that emerging countries experience shorter recessions. Recessions in countries with higher trade openness last significantly longer. Financial openness and institutional quality do not have significant effects of recession durations. The empirical analysis takes into account alternative probability distributions and endogeneity of policy actions.
DOI	10.1016/S1514-0326(14)60008-8
Cilt	17

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How can recessions be brought to an end? Effects of macroeconomic policy actions on durations of recession

Yazar Taş, B. K. O., Cünedioğlu, Hüseyin Ekrem

Basım Tarihi 2014-05

Basım Yeri - Elsevier

Konu Recession, Macroeconomic policy, Duration analysis

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 2-s2.0-84902078149

Kayıt Numarası ff9acfc5-3ebc-4867-bbb7-e02e58471769

Tarih 2014-05

Notlar Due to copyright restrictions, the access to the full text of this article is only available via subscription.

Örnek Metin This paper analyzes how effective macroeconomic policy actions are in ending recessions. We also investigate which structural factors help the country to experience shorter recessions. We implement survival regression analysis and conclude that expansionary monetary policy significantly decreases durations of recessions whereas fixing the exchange rate does not have an effect on the durations of recessions. Expansionary fiscal policy has undesired effects and decreases the probability that recession will end, thus increasing the durations of recessions. The analysis of country specific factors indicates that emerging countries experience shorter recessions. Recessions in countries with higher trade openness last significantly longer. Financial openness and institutional quality do not have significant effects of recession durations. The empirical analysis takes into account alternative probability distributions and endogeneity of policy actions.

DOI 10.1016/S1514-0326(14)60008-8

Cilt 17