The Cost of Business Cycles and the Benefits of Stabilization: A Survey
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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
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美国国家经济研究局创建时间：
2004-11-01
