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The Cost of Business Cycles and the Benefits of Stabilization: A Survey

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NBER2004-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10926
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资源简介:
This article reviews the literature on the cost of U.S. post-War business cycle fluctuations. I argue that recent work has established this cost is considerably larger than initial work found. However, despite the large cost of macroeconomic volatility, it is not obvious that policymakers should
提供机构:
美国国家经济研究局
创建时间:
2004-11-01
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