Notebook: Discussions: Hysteresis
Laurence Ball (2014): [The Great Recession’s long-term damage]: http://voxeu.org/article/great-recession-s-long-term-damage
- Antonio Fatás and Lawrence Summers (2016): [Hysteresis and fiscal policy during the Global Crisis]: http://voxeu.org/article/hysteresis-and-fiscal-policy-during-global-crisis
Ball, Laurence (2009), “Hysteresis: Old and New Evidence”, in Jeff Fuhrer, Yolanda K Kodrzycki, Jane Sneddon Little, and Giovanni P Olivei (eds.), Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective, Federal Reserve Bank of Boston.
Ball, Laurence (2014), “Long-Term Damage from the Great Recession in OECD Countries”, NBER Working Paper 20185, May.
Blanchard, Olivier J and Lawrence H Summers (1986), “Hysteresis and the European Unemployment Problem”, NBER Macroeconomics Annual 1986.
Cerra, Valerie and Sweta Chaman Saxena (2008), “Growth Dynamics: The Myth of Economic Recovery”, The American Economic Review, 98(1): 439–457.
Haltmaier, Jane (2012), “Do Recessions Affect Potential Output?”, International Finance Discussion Paper 1066, Federal Reserve Board, December.
Reifschneider, Dave, William L Wascher, and David Wilcox (2013), “Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy”, 14th Jacques Polak Annual Research Conference, November.
Reinhart, Carmen M and Kenneth S Rogoff (2009), “The Aftermath of Financial Crises”, The American Economic Review, 99(2): 466–472.
Anzoategui, D, D Comin, M Gertler, and J Martinez (2016), "Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence", NBER Working Paper no. 2205.
Ball, L (2014), Long-Term Damage from the Great Recession in OECD Countries, National Bureau of Economic Research, Cambridge, MA.
Blanchard, O, E Cerutti, and L Summers (2015), "Inflation and Activity - Two Explorations and they Monetary Policy Implications", NBER Working Paper.
Blanchard, O J, and D Quah (1989), "The Dynamic Effects of Aggregate Demand and Supply Disturbances", American Economic Review 79(4): 655-673.
Blanchard, O J, and D Leigh (2013), "Growth forecast errors and fiscal multipliers", National Bureau of Economic Research.
Blanchard, O J, and L H Summers (1986), "Hysteresis and the European unemployment problem", NBER Macroeconomics Annual 1986, Volume 1, MIT Press.
DeLong, J B, and L H Summers (2012), "Fiscal Policy in a Depressed Economy [with Comments and Discussion]", Brookings Papers on Economic Activity, Spring: 233-297.
Fatás, A (2000), "Do business cycles cast long shadows? Short-run persistence and economic growth", Journal of Economic Growth 5(2): 147-162.
Fatás, A and L H Summers (2016), "The Permanent Effects of Fiscal Consolidations", NBER Working Paper 22734.
Haltmaier, J (2013), "Do recessions affect potential output?", FRB International Finance Discussion Paper 1066.
Lagarde, C (2016), "We Need Forceful Policies to Avoid the Low-Growth Trap", IMF Direct.
Martin, R, T Munyan, and B A Wilson (2015), "Potential Output and Recessions: Are We Fooling Ourselves?", International Finance Discussion Papers.
Nelson, C R, and C R Plosser (1982), "Trends and random walks in macroeconomic time series: some evidence and implications", Journal of Monetary Economics 10(2): 139-162.