Can conventional theory explain the unconventional recovery?

David Altig and Michael F. Bryan

Economic Commentary, 1992, issue Apr

Abstract: An argument that the sluggishness of the current economic recovery reflects a permanent, structural change in the economy that may not be easily addressed using the standard monetary/fiscal incentives called for in the conventional view of business cycles, and that structural adjustment is a critical component of all economic fluctuations.

Keywords: economic conditions - United States; Business cycles (search for similar items in EconPapers)
Date: 1992
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