Macro Musings with David Beckworth cover image

Antonio Fatás on Hysteresis and the Business Cycle

Macro Musings with David Beckworth

00:00

The Endogenous Growth Theory

Olivier Blanche: As an American, we tend to be very inward looking. He says the last decade has been a humbling experience for many macroeconomists. But there's no workhorse model of endogenous growth that produces a standard way to think about US or any other country., he adds.

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