International Recessions

Fabrizio Perri, Vincenzo Quadrini

NBER Working Paper No. 17201
Issued in July 2011

---- Acknowledgements -----

We thank seminar participants at Boston University, Chicago Booth, Columbia University, Harvard University, New York Fed, San Francisco FED, UC Berkeley, UCLA, University of Colorado, University of Notre Dame and attendees at the Advances in International Macroeconomics conference in Brussels, Bank of Japan International Conference, Challenges in Open Economy Macroeconomics after the Financial Crisis conference at the St Louis FED, NBER IFM Meeting, Philadelphia Workshop on Macroeconomics, Stanford SITE conference. We also thank Ariel Burstein, Fabio Ghironi, Jean Imbs, Paolo Pesenti, Etsuro Shioji and Raf Wouters for excellent discussions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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