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Hysteresis and fiscal stimulus in a recession

The COVID-19 pandemic initiated a deep global recession, and with interest rates at very low levels, warrants consideration of the efficacy of different forms of fiscal stimulus in response. History reveals that deep recessions may cause output and total factor productivity (TFP) hysteresis, a perma...

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Detalles Bibliográficos
Autores principales: Tervala, Juha, Watson, Timothy
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier Ltd. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8855625/
https://www.ncbi.nlm.nih.gov/pubmed/35197656
http://dx.doi.org/10.1016/j.jimonfin.2022.102614