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An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and...
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develop a methodology to construct non-bank capital shocks, idiosyncratic shocks, using labor productivity shocks to large …
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surprisingly, total factor productivity appears to recover rapidly after all recessions …
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