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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| Autres auteurs: | , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2020/073 |
| Accès en ligne: | Full text available on IMF |