Antonio Fatás on Hysteresis and the Business Cycle
Macro Musings with David Beckworth
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The Relationship Between Endogenous Growth Theory and Hysteresis
Endogenous growth theory is more than just R&D and competition policy. It could go from cycles to trend, even though that wasn't the focus. Lots of people are talking about how the macro, at least policy paradigm is shifting towards running the economy hot versus dialing it down a few notches. And I think one of the implicit arguments for those supporting this is a reverse hysteresis argument.
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