Baker, Scott; Bloom, Nicholas; Davis, Steven J. - Becker Friedman Institute for Research in Economics, … - 2012
The U.S. economy hit bottom in June 2009. Thirty months later, output growth remains sluggish and unemployment still hovers above 8%. A critical question is why. One view attributes the weak recovery, at least in part, to high levels of uncertainty about economic policy. This view entails two...
