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Global Letter – The economic cost of recessions II

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Recessions are expensive. Output is permanently lost; and often potential growth is reduced too.

In an earlier Global Letter, 1 we reproduced path-breaking calculations made for the UK by the late Christopher Dow. Studying the evolution of post-recession, constant-employment, ...

 

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Global Letter – The economic cost of recessions II

Recessions are expensive. Output is permanently lost; and often potential growth is reduced too. In an earlier Global Letter, 1 we reproduced path-breaking calculations