The DOI matches its Crossref record; 61 of the 61 references it cites were found in a registry or an index.
How do business and financial cycles interact?
Abstract
This paper analyzes the interactions between business and financial cycles using an extensive database covering 44 countries for the period 1960:1-2010:4. Our analysis shows that there are strong linkages between the different phases of business and financial cycles. In particular, recessions associated with financial disruptions, notably house and equity price busts, tend to be longer and deeper than other recessions. Conversely, while recoveries following asset price busts tend to be weaker, recoveries associated with rapid growth in credit and house prices are often stronger. These findings emphasize the importance of financial market developments for the real economy.
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Cites
The General Theory of Employment, Interest and Money.
Schumpeter, J. A., & Keynes, J. M. (1936) · Journal of the American Statistical Association · doi:10.2307/2278703 · Cited by 14,485
Bank Runs, Deposit Insurance, and Liquidity
Diamond, D. W., & Dybvig, P. H. (1983) · Journal of Political Economy · doi:10.1086/261155 · Cited by 9,369
The General Theory of Employment, Interest and Money, by John Maynard Keynes
Beckhart, B. H. (1936) · Political Science Quarterly · doi:10.2307/2143949 · Cited by 6,220
Kiyotaki, N., & Moore, J. (1997) · Journal of Political Economy · doi:10.1086/262072 · Cited by 4,694
The Financial Accelerator in a Quantitative Business Cycle Framework
Bernanke, B., Gertler, M., & Gilchrist, S. (1998) · National Bureau of Economic Research · doi:10.3386/w6455 · Cited by 4,592
Agency Costs, Net Worth, And Business Fluctuations
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Chapter 21 The financial accelerator in a quantitative business cycle framework
(1999) · Handbook of Macroeconomics · doi:10.1016/s1574-0048(99)10034-x · Cited by 3,539
This Time Is Different: Eight Centuries of Financial Folly
Reinhart, C. M., & Rogoff, K. S. (2009) · Princeton University Press eBooks · doi:10.1515/9781400831722 · Cited by 3,390
A Model of Balance-of-Payments Crises
Krugman, P. (1979) · Journal of Money, Credit and Banking · doi:10.2307/1991793 · Cited by 2,904
What Do a Million Observations on Banks Say About the Transmission of Monetary Policy?
Kashyap, A. K., & Stein, J. C. (2000) · American Economic Review · doi:10.1257/aer.90.3.407 · Cited by 2,495
Cited by
Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
Caballero, R. J. (2010) · Journal of Economic Perspectives · doi:10.1257/jep.24.4.85 · Cited by 361
Financial sector development and growth volatility: An international study
Xue, W.-J. (2020) · International Review of Economics & Finance · doi:10.1016/j.iref.2020.06.025 · Cited by 31
Metadata
- Authors
- Claessens, S., Kose, M. A., & Terrones, M. E.
- Venue
- Journal of International Economics
- Publisher
- Elsevier BV
- Published
- 2012-05
- Volume
- 87
- Issue
- 1
- Pages
- 178-190
- ISSN
- 0022-1996
- OpenAlex
- W3108578974
- Cited by
- 678
- References
- 61
- FWCI
- 95.95
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
