Romer and Romer find financial crisis impact ‘not large’

Christina Romer

Studies may be overestimating the impact of financial crises on growth by failing to adequately capture the severity of distress, a working paper published by the National Bureau of Economic Research (NBER) has found.

Christina and David Romer construct a new data series to capture the severity of crises in the paper New Evidence on the Impact of Financial Crises in Advanced Countries. They rank crises in 24 advanced economies on a scale of 1-15, in contrast to previous research which has tended

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: