Hysteresis and Business Cycles /
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical...
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| Andre forfattere: | , |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2020/073 |
| Online adgang: | Full text available on IMF |