Journal Article

Why Are Recessions So Hard to Predict? Random Shocks and Business Cycles


Abstract: Economists are like doctors, not soothsayers. They can't predict recessions, but they can help us understand why one is happening. And that can make all the difference for policymaking.

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Economic Insights

Publication Date: 2019-01

Volume: 4

Issue: 1

Pages: 1-8