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The Cyclical Sensitivity in Estimates of Potential Output

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NBER2017-07-01 更新2025-01-04 收录
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The fact that most of the persistent declines in output since the Great Recession have parlayed into equivalent declines in measures of potential output is commonly interpreted as implying that output will not return to previous trends. Using a variety of estimates of potential output for the U.S.

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2017-07-01
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