Economics, Econometrics and Finance
4 years ago

US Economy Bounces Back Stronger Than Ever After Every Recession.

NBER Macroeconomics Annual
Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?
Robert E. Hall, Marianna Kudlyak

Paper Summary

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The US economy has consistently recovered from recessions in the past 70 years. Researchers looked into why this happens. They found that the economy bounces back due to various factors like government policies, consumer behavior, and business investments. The study shows that these elements work together to help the economy recover after a downturn.