Browsing Norges Banks vitenarkiv by Subject "super-hysteresis"
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Identifying the sources of the slowdown in growth: Demand vs. supply
(Working Paper;9/2021, Working paper, 2021)Long-run GDP growth has declined in the United States over the past two decades. Two competing views take the stage in accounting for this slowdown: demand-side and supply-side. I empirically quantify their relative ...