<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "An extreme value analysis of the last century crises\r\nacross industries in the U.S. economy"^^ . "The two large scale crises that hit the world economy in the last century, i.e. the Great\r\nDepression and the Great Recession, have similar outbreak and recovery patterns with\r\nrespect to several macroeconomic variables. In particular, the largest depressions are\r\nlikely to be accompanied by stock-market crashes. This study investigates the behavior\r\nof the U.S. stock market before, during and after deep downturns, focusing particularly\r\non the tails of the return distribution. We develop two automatic procedures to identify\r\nmultiple change-points in the tail of financial time series as well as in the co-crash and\r\nco-boom probabilities of different markets. We then apply our methodology to twelve\r\ntime series representative of the sectors of the U.S. economy. We find that regime\r\nshifts in the lower tail of the distribution tend to co-occur before deep downturns. Our\r\nresults contribute to a better understanding of the origin and systemic nature of large\r\nscale events to make policy interventions more timely and effective."^^ . "2016-02" . . "2" . . "IMT Institute for Advanced Studies Lucca"^^ . . . . . . . . . . . . . "Massimo"^^ . "Riccaboni"^^ . "Massimo Riccaboni"^^ . . "Marco"^^ . "Bee"^^ . "Marco Bee"^^ . . "Luca"^^ . "Trapin"^^ . "Luca Trapin"^^ . . . . . . "An extreme value analysis of the last century crises\r\nacross industries in the U.S. economy (PDF)"^^ . . . . . . "EIC_WP_02_2016.pdf"^^ . . . "An extreme value analysis of the last century crises\r\nacross industries in the U.S. economy (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "An extreme value analysis of the last century crises\r\nacross industries in the U.S. economy (Other)"^^ . . . . . . "preview.jpg"^^ . . . "An extreme value analysis of the last century crises\r\nacross industries in the U.S. economy (Other)"^^ . . . . . . "medium.jpg"^^ . . . "An extreme value analysis of the last century crises\r\nacross industries in the U.S. economy (Other)"^^ . . . . . . "small.jpg"^^ . . "HTML Summary of #3159 \n\nAn extreme value analysis of the last century crises \nacross industries in the U.S. economy\n\n" . "text/html" . . . "HB Economic Theory"@en . . . "HD Industries. Land use. Labor"@en . .