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As the debates about the recent global recession and the subsequent recovery have clearly shown,...

This paper examines the importance of credit market shocks in driving global business cycles over...

Five years after the first stirrings of the crisis, some countries have recovered, but others are...

This Selected Issues paper summarizes estimates of the gap between current housing prices and...

This paper analyzes the interactions between business and financial cycles using an extensive...

This paper examines credit conditions and recoveries from financial crises. The paper highlights...