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metadata language: English

The 2001 Recession: How Was It Different and What Developments May Have Caused It?

Version
v1
Resource Type
Dataset : survey data
Creator
  • Kliesen, Kevin L. (Federal Reserve Bank of St. Louis)
Other Title
  • Version 1 (Subtitle)
Publication Date
2003-10-09
Language
English
Free Keywords
forecasting; Gross Domestic Product; investments; recession
Description
  • Abstract

    The 2001 recession was unique in several respects. For instance, the peak-to-trough decline in real Gross Domestic Product was one of the smallest on record and its duration was slightly shorter than average. This article examines some of the other unique features of the 2001 recession compared with the "average" post-World War II recession. The author also shows that forecasters were surprised by the onset of the recession, perhaps because of incomplete data available to them in real time. Finally, the article examines the errors from a well-known macroeconomic forecast and finds that forecasters were surprised by the declines in real business and household fixed investment, as well as real net exports, before the March 2001 business cycle peak.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • (1) The file submitted is the Excel data file 0309kkd.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

Availability
Download
This study is freely available to the general public via web download.
Alternative Identifiers
  • 1292 (Type: ICPSR Study Number)
Publications
  • Kliesen, Kevin L.. The 2001 Recession: How Was It Different and What Developments May Have Caused It?. Federal Reserve Bank of St. Louis Review.85, (5), 23-37.2003.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Kliesen, Kevin L. (2003): The 2001 Recession: How Was It Different and What Developments May Have Caused It?. Version 1. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01292.v1