Antonio Fatás on Hysteresis and the Business Cycle
Macro Musings with David Beckworth
00:00
How Larry Summers and I Connected to Hysteresis
How did you guys connect? I mean, we knew each other from my PhD times. And he had seen some, in fact, a blog post that I had written on issues which had related to hysteresis. It was purely just a chart that I thought was interesting to write on a blog. And he saw it and we started a conversation by email. He has written lots of great things about it. And I had written a lot of it as well over the last years. We came up with an idea for a research paper and that's how he came up.
Transcript
Play full episode
