NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Long Slump

Robert E. Hall

NBER Working Paper No. 16741
Issued in January 2011

---- Acknowledgements -----

This paper is a draft of my AEA presidential address that will appear in the April American Economic Review. See my website for related materials, including the appendixes, animated slides, and data files and programs. I am grateful to John Cochrane, Steven Davis, Gauti Eggertsson, Martin Eichenbaum, Mark Gertler, Robert Gordon, Peter Klenow, Narayana Kocherlakota, Robert Lucas, N. Gregory Mankiw, Sergio Rebelo, Richard Rogerson, David Romer, Robert Shimer, Robert Solow, John Taylor, Susan Woodward, and seminar and conference participants at the University of Pennsylvania, the Society for Economic Dynamics, the Atlanta Federal Reserve Bank, Stanford, and the Minneapolis Federal Reserve Bank for comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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