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The 2008–09 global financial crisis and ensuing worldwide recession have brought renewed attention to the importance of credit conditions for the macroeconomy. From a theoretical perspective, two...
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The first meeting of the Conference on Research in Income and Wealth (CRIW) occurred in late January of 1936 in the...
Uncertainty and Large Swings in Activity
It is a great honor, as well as a personal pleasure and privilege, to...
The annual growth rate of U.S. per-capita real GDP remained remarkably steady at 2.1 percent between 1890 and 2007....