Crises, and Output Losses
نویسندگان
چکیده
منابع مشابه
Real Output Costs of Financial Crises: A Loss Distribution Approach∗
The adverse effects of financial crises in terms of output losses or output growth below its potential can be treated like losses from catastrophic events which have a low likelihood but a large impact in the event that they occur. We therefore analyze GDP losses in terms of frequency (number of loss events per period) and severity (loss per occurrence). Crises’ frequency, severity, and the ass...
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