Have We Had ANY Real Recessions in the Last Half-Century?
Posted in Macroeconomics on May 20th, 2013
That question is a bit on the dramatic size, but I found this paper to be fascinating: Adjusting Measures of Economic Output for Health: Is the Business Cycle Countercyclical? by Mark L. Egan, Casey B. Mulligan, Tomas J. Philipson – NBER Working Paper #19058 Many national accounts of economic output and prosperity, such as gross domestic product […]
