IDEAS home Printed from https://ideas.repec.org/a/fip/fedrer/y1992ijulp3-13nv.78no.4.html
   My bibliography  Save this article

The case of the reluctant recovery

Author

Listed:
  • William E. Cullison

Abstract

Anecdotal evidence has it that the 1990-91 downturn was a predominantly white-collar, or middle management, recession. The data, however, show that the recession affected virtually all occupational groups. Moreover, by standards of past recessions, the 1990-91 downturn was relatively mild. It is the failure of employment to recover that is unusual. Evidence presented here indicates that the economys behavior results from a blend of cyclical and structural factors, with the structural factors delaying the recovery.

Suggested Citation

  • William E. Cullison, 1992. "The case of the reluctant recovery," Economic Review, Federal Reserve Bank of Richmond, vol. 78(Jul), pages 3-13.
    • Handle: RePEc:fip:fedrer:y:1992:i:jul:p:3-13:n:v.78no.4
    as

    Download full text from publisher

    File URL: https://fraser.stlouisfed.org/files/docs/publications/frbrichreview/rev_frbrich199207.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David E. Altig & Michael F. Bryan, 1992. "Can conventional theory explain the unconventional recovery?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
    2. Stephen K. McNees, 1992. "The 1990-91 recession in historical perspective," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 3-22.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Erica L. Groshen & Donald R. Williams, 1992. "White-and-blue-collar jobs in the recent recession and recovery: who's singing the blues?," Economic Review, Federal Reserve Bank of Cleveland, vol. 28(Q IV), pages 2-12.
    2. Alan A. Carruth & Mark A. Hooker & Andrew J. Oswald, 1998. "Unemployment Equilibria And Input Prices: Theory And Evidence From The United States," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 621-628, November.
    3. Katharine L. Bradbury & Yolanda Kodrzycki, 1992. "What past recoveries say about the outlook for New England," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 15-32.
    4. Palle S. Andersen, 1997. "Forecast errors and financial developments," BIS Working Papers 51, Bank for International Settlements.
    5. Sergey V. Smirnov & Daria A. Avdeeva, 2016. "Wishful Bias in Predicting Us Recessions: Indirect Evidence," HSE Working papers WP BRP 135/EC/2016, National Research University Higher School of Economics.
    6. Sergey Smirnov, 2011. "Those Unpredictable Recessions," HSE Working papers WP BRP 02/EC/2011, National Research University Higher School of Economics.

    More about this item

    Keywords

    Recessions;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedrer:y:1992:i:jul:p:3-13:n:v.78no.4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Pascasio (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.