Economists have long viewed recessions as contributing to increasing inequality. However, this conclusion is largely based on data from a period in which inequality was increasing over time. This pape
Die Untersuchung der wirtschaftlichen Entwicklung Schleswig-Holsteins orientiert sich zunächst an dem Verlauf der Konjunkturen, d.h. auf deren Phasen und Intensität. Im weiten wird untersucht, welche
In this paper we identify demand shocks that can have a permanent effect on output through hysteresis effects. We call these shocks permanent demand shocks. They are found to be quantitatively importa
We propose a simple method to help researchers develop quantitative models of economic fluctuations. The method rests on the insight that many models are equivalent to a prototype growth model with ti
