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Current and past recessions: a long-term perspective
[La récession actuelle et les précédentes : un regard sur longue période]

Author

Listed:
  • Antonin Bergeaud
  • Gilbert Cette
  • Rémy Lecat

Abstract

The current recession is expected to be shallower than the Great Depression of 1929, but deeper than the Great Recession of 2008. It could be shorter than these two financial crises because of the temporary and exogenous nature of the shock that caused it. It could contribute to the deployment of the digital economy, thereby boosting productivity and growth. La récession actuelle devrait être moins profonde que la Grande Dépression de 1929, mais plus que la Grande Récession de 2008. Elle pourrait être moins longue que ces deux crises financières en raison de la nature temporaire et exogène du choc qui en est à l’origine. Elle pourrait favoriser le déploiement de l’économie numérique, ce qui dynamiserait la productivité et la croissance.

Suggested Citation

  • Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2020. "Current and past recessions: a long-term perspective [La récession actuelle et les précédentes : un regard sur longue période]," Eco Notepad (in progress) 159, Banque de France.
    • Handle: RePEc:bfr:econot:159
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    File URL: https://www.banque-france.fr/en/publications-and-statistics/publications/current-and-past-recessions-long-term-perspective
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    File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/la-recession-actuelle-et-les-precedentes-un-regard-sur-longue-periode
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