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Financial Times:
It seems not all recessions are created equal

12 March 2009

"The recession will be over sooner than you think", to quote the title of an article in CentrePiece by two US academics, Nick Bloom and Max Floetotto. The bit of history they emphasise is that of uncertainty exhibited in the equity market, measured by the implied volatility of the S&P100, apparently known as the "financial fear factor".

This article appeared in the Financial Times on 12th March 2009.
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Related Publications
‘In brief: The recession will be over sooner than you think’ Article in CentrePiece Volume 13(3) , Winter 2008/9. The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation’ by Nick Bloom, Centre for Economic Performance Discussion Paper No.718 , March 2006
'Will the Credit Crunch Lead to Recession?' by Nick Bloom. Article in CentrePiece, Volume 13, Issue 1
Spring 2008

Related Links
Nick Bloom webpage
Productivity and Innovation Programme webpage