On the integration of growth and business cycles |
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| Authors: | Diego Comin |
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| Institution: | (1) Harvard University, Cambridge, MA, USA;(2) NBER, Cambridge, MA, USA |
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| Abstract: | This paper discusses several approaches to generating the observed persistence in macro models and presents evidence in favor
of models where endogenous technology adoption propagates transitory shocks into the medium term.
Prepared for the Conference on “The Interrelation of Cycles and Growth” in honor of Gunther Tichy.
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