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Commentary: The Long Run: What Simple Model Matches The Data? by Romeu Abrantes is a document available to read on EtoBox.
What is Commentary: The Long Run: What Simple Model Matches The Data? about?
Asu and Fernald describe and evaluate alternative theoretical models of potential output. They conclude that to capture some essential features of the u.s. Economy, the standard one-sector model should be abandoned. They argue that any useful notion of potential output cannot be assumed to be properly described by a smooth trend.
- Author
- Romeu Abrantes
- Language
- EN