Series: IMF Working Papers
Author(s): Paolo Mauro , and Torbjorn Becker
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2006
Keywords: Growth, output collapse, volatility, crises, terms of trade, debt crises, currency crises, Macroeconomics and Monetary Economics: General, Economic Growth of Open Economies, Economic Growth and Aggregate Productivity: General
Output drops are usually associated with major disruption for the residents of affected countries, both directly and often through ensuing, prolonged growth slowdowns. Using a century of data, we document that outp...