Disentangling the Channels of the 2007-2009 Recession
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This paper examines the macroeconomic dynamics of the 2007-09 recession in the United States and the subsequent slow recovery. Using a dynamic factor model with 200 variables, we reach three main conclusions. First, although many of the events of the 2007-2009 collapse were unprecedented, their net
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美国国家经济研究局创建时间：
2012-05-01
