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150128 ||| eng |
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|a 9781455233168
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| 100 |
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|a Terrones, Marco
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| 245 |
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|a How Do Business and Financial Cycles Interact?
|c Marco Terrones, Ayhan Kose, Stijn Claessens
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2011
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| 300 |
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|a 54 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Business cycles
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Credit
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| 653 |
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|a Financial cycles
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| 653 |
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|a Real Estate
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| 653 |
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|a Stocks
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| 653 |
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|a Pension Funds
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Housing Supply and Markets
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Housing
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| 653 |
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|a Property & real estate
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Cycles
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| 653 |
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|a Investments: Stocks
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| 653 |
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|a Economic growth
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Business Fluctuations
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| 653 |
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|a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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| 653 |
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|a Investment & securities
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Housing prices
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| 700 |
1 |
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|a Claessens, Stijn
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| 700 |
1 |
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|a Kose, Ayhan
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781455233168.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2011/088/001.2011.issue-088-en.xml?cid=24805-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial cycles. In particular, recessions associated with financial disruption episodes, notably house price busts, tend to be longer and deeper than other recessions. Conversely, recoveries associated with rapid growth in credit and house prices tend to be stronger. These findings emphasize the importance of developments in credit and housing markets for the real economy
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