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Sentences about macroeconomics

From Brinca, Chari, Kehoe, and McGrattan, there is a new NBER paper “Accounting for Business Cycles“: First with the notable exception of the United States, Spain, Ireland, and Iceland, the Great Recession was driven primarily by the efficiency wedge.  Second, in the Great Recession, the labor wedge plays a dominant role only in the United […] The post Sentences about macroeconomics appeared first on Marginal REVOLUTION.
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The Austrian theory of the business cycle continues its comeback

Academics / Political Science : Marginal Revolution

Except no one seems interesting in calling it by that name.  Here is the new NBER working paper by David López-Salido, Jeremy C. Stein, and Egon Zakrajšek, “Credit-Market Sentiment and the Business Cycle”: Using U.S. data from 1929 ...

The State Of The Four Official Recession Indicators

Business & Finance : Business Insider: Clusterstock

Note from dshort: This commentary has been revised to include the May Nonfarm Employment report. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the sp...

The State Of The Four Official Recession Indicators

Business & Finance : Business Insider: Clusterstock

Note from dshort: This commentary has been revised to include May updates for Real Retail Sales and Industrial Production, data through April. Official recession calls are the responsibility of the NBER Business Cycle Dating Committ...

The recession isn't over yet

Business & Finance : The Curious Capitalist

This morning the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) released its latest proclamation on the state of the U.S. economy: the recession isn't over yet. That might sound gloomy, but keep i...

Serena Ng and Jonathan H. Wright: Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling: Noted

Business & Finance / Economics : Grasping Reality with Both Hands

Serena Ng and Jonathan H. Wright: Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling: >This paper provides a survey of business cycle facts, updated to take account of recent data. Emphasis is g...

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