000074897 001__ 74897 000074897 005__ 20200117211601.0 000074897 0248_ $$2sideral$$a107223 000074897 037__ $$aART-2018-107223 000074897 041__ $$aeng 000074897 100__ $$aCamacho, M. 000074897 245__ $$aThe great recession: The worst ever? 000074897 260__ $$c2018 000074897 5060_ $$aAccess copy available to the general public$$fUnrestricted 000074897 5203_ $$aWe develop an international comparative assessment of the Great Recession, in terms of the features that characterize the form of the recession phases, namely length, depth and shape. The potential unobserved heterogeneity in the international recession characteristics is modeled by a finite mixture model. Using Bayesian inference via Gibbs sampling, the model classifies the Great Recession suffered by a large number of countries into different clusters, determin ing its severity in cross section and time series and dimensions. Our results suggest that the business cycle features of the Great Recession are not different from others in an international perspective. By contrast, we show that the only distinctive feature of the Great Recession was its unprecedented degree of synchronicity. 000074897 536__ $$9info:eu-repo/grantAgreement/ES/MEC/ECO2014-58991-C3-1-R$$9info:eu-repo/grantAgreement/ES/MEC/ECO2014-58991-C3-2-R$$9info:eu-repo/grantAgreement/ES/MINEIC/ECO2016-76178-P$$9info:eu-repo/grantAgreement/ES/MINEIC/ECO2017-83255-C3-3-P 000074897 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000074897 590__ $$a0.3$$b2018 000074897 591__ $$aECONOMICS$$b347 / 363 = 0.956$$c2018$$dQ4$$eT3 000074897 592__ $$a0.145$$b2018 000074897 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2018$$dQ4 000074897 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000074897 700__ $$0(orcid)0000-0001-6609-4247$$aGadea, M.D.$$uUniversidad de Zaragoza 000074897 700__ $$aPérez-Quirós, G. 000074897 7102_ $$14008$$2225$$aUniversidad de Zaragoza$$bDpto. Estruc.Hª Econ.y Eco.Pb.$$cÁrea Economía Aplicada 000074897 773__ $$g26, 76 (2018), 73-100$$pRev. econ. apl.$$tRevista de Economia Aplicada$$x1133-455X 000074897 85641 $$uhttp://www.revecap.com/revista/numeros/76/pdf/REVECAP-76-(5).pdf$$zTexto completo de la revista 000074897 8564_ $$s4828295$$uhttps://zaguan.unizar.es/record/74897/files/texto_completo.pdf$$yVersión publicada 000074897 8564_ $$s56210$$uhttps://zaguan.unizar.es/record/74897/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000074897 909CO $$ooai:zaguan.unizar.es:74897$$particulos$$pdriver 000074897 951__ $$a2020-01-17-21:12:40 000074897 980__ $$aARTICLE