Booms, Crises, and Recoveries : A New Paradigm of the Business Cycle and its Policy Implications /
All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for shift...
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| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2017/250 |
| Truy cập trực tuyến: | Full text available on IMF |