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Hysteresis and Business Cycles
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Pages: 50
Authors: Ms.Valerie Cerra
Categories: Business & Economics
Type: BOOK - Published: 2020-05-29 - Publisher: International Monetary Fund

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Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economi
NBER Macroeconomics Annual 1986
Language: en
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Authors:
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Inflation and Activity – Two Explorations and their Monetary Policy Implications
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Authors: Mr.Olivier J. Blanchard
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Type: BOOK - Published: 2015-11-06 - Publisher: International Monetary Fund

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We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Secon
Technology Shocks and Aggregate Fluctuations
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Authors: Mr.Pau Rabanal
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Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of
A History of Big Recessions in the Long Twentieth Century
Language: en
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Authors: Andrés Solimano
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Type: BOOK - Published: 2020-02-20 - Publisher: Cambridge University Press

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This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first