Demand Composition and the Strength of Recoveries
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https://www.nber.org/papers/w29304
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资源简介：
We argue that recoveries from demand-driven recessions with expenditure cuts concentrated in services or non-durables will tend to be weaker than recoveries from recessions more biased towards durables. Intuitively, the smaller the bias towards more durable goods, the less the recovery is buffeted
提供机构：
美国国家经济研究局
创建时间：
2021-09-01
