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Replication data for: International Recessions

Version
1
Resource Type
Dataset
Creator
  • Perri, Fabrizio
  • Quadrini, Vincenzo
Publication Date
2018-04-01
Description
  • Abstract

    Macro developments leading up to the 2008 crisis displayed an unprecedented degree of international synchronization. Before the crisis, all G7 countries experienced credit growth and, around the time of the Lehman bankruptcy, they all faced sharp and large contractions in both real and financial activity. Using a two-country model with financial frictions, we show that a global liquidity shortage induced by pessimistic self-fulfilling expectations can quantitatively generate patterns like those observed in the data. The model also suggests that crises are less frequent with more international financial integration but, when they hit, they are larger and more synchronized across countries.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20140412 (Text)
Publications
  • Perri, Fabrizio, and Vincenzo Quadrini. “International Recessions.” American Economic Review 108, no. 4–5 (April 2018): 935–84. https://doi.org/10.1257/aer.20140412.
    • ID: 10.1257/aer.20140412 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Perri, Fabrizio; Quadrini, Vincenzo (2018): Replication data for: International Recessions. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112984V1