A New Keynesian Perspective on the Great Recession
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With an estimated New Keynesian model, this paper compares the "Great Recession" of 2007-09 to its two immediate predecessors in 1990-91 and 2001. The model attributes all three downturns to a similar mix of aggregate demand and supply disturbances. The most recent series of adverse shocks lasted
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美国国家经济研究局创建时间：
2010-09-01
