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.
Keywords: predictability; recession;
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File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/economic-insights/2019/q1/eiq119-predicting-recessions.pdf
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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