Reconciling Hayek's and Keynes Views of Recessions
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https://www.nber.org/papers/w20101
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资源简介：
Recessions often happen after periods of rapid accumulation of houses, consumer durables and business capital. This observation has led some economists, most notably Friedrich Hayek, to conclude that recessions mainly reflect periods of needed liquidation resulting from past over-investment.
提供机构：
美国国家经济研究局
创建时间：
2014-05-01
