01229pab a2200193 454500008004000000100001500040245009400055260000900149300001700158362000800175520062900183650002300812700002400835773003500859908000600894909001100900999001900911952010500930180718b2013   xxu||||| |||| 00| 0 eng d  aNg, Serena  aFacts and challenges from the great recession for forecasting and macroeconomic modeling'  c2013  ap.1120-1154.  aDec  aThis paper provides a survey of business cycle facts, updated to take account of recent data. Emphasis is given to the Great Recession, which was unlike most other postwar recessions in the United States in being driven by deleveraging and financial market factors. We document how recessions with financial market origins are different from those driven by supply or monetary policy shocks. This helps explain why economic models and predictors that work well at some times do poorly at other times. We discuss challenges for forecasters and empirical researchers in light of the updated business cycle facts. - Reproduced.  aEconomic recession  aWright, Jonathan H.  aJournal of Economic Literature  aN  a103421  c103417d103417  00104070aIIPAbIIPAd2018-07-19hVolume no: 51, Issue no: 4pAR103881r2018-07-19w2018-07-19yAR