Finally, estimated structural macro models point toward a link between aggregate demand, investment and growth https://t.co/CPyWKcV1Hj But this evidence is far from conclusive, and there is likely to be a big payoff from more empirical research on these…
This paper https://t.co/CPyWKcUtRL finds that the 2001 and 2009 recessions had a negative impact on firms' adoption of new technologies and productivity growth. @josebammartinez
RT @LucaFornaro3: Another strand of this literature has explored the quantitative importance of hysteresis effects by estimating structural…