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We investigate the impact of a large economic shock on mortality. We find that counties more exposed to a plausibly …
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This paper develops a method for decomposing GDP into trend and cycle exploiting the cross-sectional variation of state-level real GDP and unemployment rate data. The model assumes that there are common output and unemployment rate trend and cycle components, and that each state's output and...
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from one phase to another. We find strong evidence for positive duration dependence in all business cycle phases but find …
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