Adler, G., Duval, R. A., Furceri, D., Çelik, S. K., Koloskova, K. Poplawski-Ribeiro, M. 2017. Gone with the headwinds: Global productivity. IMF Staff Discussion Notes No. 17/04.
Anzoategui, D., Comin, D., Gertler, M., Martinez, J., 2019. Endogenous technology adoption and R&D as sources of business cycle persistence. American Economic Journal: Macroeconomics 11, 67–110.
Ball, L.M., 2014. Long-term damage from the great recession in OECD countries. European Journal of Economics and Economic Policies: Intervention 11, 149–160.
Barlevy, G. 2004a. On the timing of innovation in stochastic Schumpeterian growth models,†Federal Reserve Bank of Chicago, working paper, No. 2004-11.
Barlevy, G. 2004b. The cost of business cycles under endogenous growth. American Economic Review 94, 964–990.
- Barlevy, G. 2005. The cost of business cycles and the benefits of stabilization. Economic Perspectives QI, 32–49.
Paper not yet in RePEc: Add citation now
Barnichon, R., Matthes, C. and Ziegenbein, A. 2018. The financial crisis at 10: Will we ever recover? FRBSF Economic Letter 2018-19.
Blanchard, O., Cerutti, E., Summers, L., 2015. Inflation and activity –two explorations and their monetary policy implications, IMF Working Paper No. 15/230.
Calvo, G. A., 1983. Staggered prices in a utility maximizing framework. Journal of Monetary Economics 12, 383–398.
Cerra, V. and Saxena S. C. 2017. Booms, crises, and recoveries: a new paradigm of the business cycle and its policy implications. IMF Working 17/250.
Chang, Y., Gomes, J.F., Schorfheide, F., 2002. Learning-by-doing as a propagation mechanism. American Economic Review 92, 1498–1520.
Clarida, R., Gali, J. and Gertler, M. 2000. Monetary policy rules and macroeconomic stability: Evidence and some theory. Quarterly Journal of Economics 115. 147–180.
Cohen, D., 2000. A quantitative defense of stabilization policy. Federal Reserve Board, FEDS working paper No. 00-34.
DeLong, J. B. and Summers, L. H.,1988. How does macroeconomic policy affect output? Brookings Papers on Economic Activity 2, 433–480.
DeLong, J.B. and Summers, L. H., 2012. Fiscal policy in a depressed economy. Brookings Papers on Economic Activity 44, 233–297.
Dolmas, J., 1998. Risk preferences and the welfare cost of business cycles. Review of Economic Dynamics 1, 646–676.
Engler. P. and Tervala, J., 2018. Hysteresis and fiscal policy. Journal of Economic Dynamics & Control 93, 39-53.
Epaulard, A. and Pommeret, A., 2003. Recursive utility, growth, and the welfare cost of volatility. Review of Economic Dynamics 6, 672–684.
Gali, J., 2015. Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework and its Applications, 2nd Princeton University, Princeton.
Gali, J., Gertler, M., and Lopez-Salido, J. D. 2007. Markups, gaps, and the welfare costs of business fluctuations. Review of Economics and Statistics 89, 44–59.
Gechert, S. and A. Rannenberg 2014. Are fiscal multipliers regime-dependent? A meta regression analysis, IMK Working Paper 139.
Imrohoroglu, A. 1989. Cost of business cycles with indivisibilities and liquidity constraints. Journal of Political Economy 97, 1364–1383.
- Imrohoroglu, A. 2008. Welfare Costs of Business Cycles. The New Palgrave Dictionary of Economics, 7074-7077.
Paper not yet in RePEc: Add citation now
Keane, M. and R. Rogersson, 2012. Micro and macro labor supply elasticities: A reassessment of conventional wisdom. Journal of Economic Literature 50, 464–476.
Klein, P., 2000. Using the generalized Schur form to solve a multivariate linear rational expectations model. Journal of Economic Dynamics & Control 24, 1405–1223.
Kraay, A., 2014. Government spending multipliers in developing countries: Evidence from lending by official creditors. American Economic Journal: Macroeconomics 6, 170–208.
- Lucas, R., 1987. Models of Business Cycles, Oxford: Basil Blackwell.
Paper not yet in RePEc: Add citation now
Lucas, R., 2003. Macroeconomic priorities. American Economic Review 93, 1–14.
- Martin, R.F., Munyan, T., Wilson, B.A., 2015. Potential output and recessions: are we fooling ourselves? Board of Governors of the Federal Reserve System International Finance Discussion Paper No. 1145.
Paper not yet in RePEc: Add citation now
- McCallum, B., 2001. Software for RE analysis. Computer software available at http://wpweb2.tepper.cmu.edu/faculty/mccallum/research.html
Paper not yet in RePEc: Add citation now
Moran, P. and Queralto, A., 2018. Innovation, productivity, and monetary policy. Journal of Monetary Economics 93, 24–41.
Obstfeld, M., 1994. Evaluating risky consumption paths: The role of intertemporal substitutability. European Economic Review 38, 1471–1486.
- OECD, 2019. OECD.Stat available at https://stats.oecd.org/ (accessed December 5, 2019).
Paper not yet in RePEc: Add citation now
Otrok, C., 2001. On measuring the welfare cost of business cycles. Journal of Monetary Economics 47, 61–92.
Pemberton, J., 1996. Growth trends, cyclical fluctuations, and welfare with non-expected utility preferences. Economics Letters 50, 387–392.
Ramey, G. and Ramey, V., 1991. Technology commitment and the cost of economic fluctuations. NBER working paper No. 3755.
Rawdanowicz, L., Bouis, R., Inaba, K.I., Christensen, A.K., 2014. Secular stagnation: evidence and implications for economic policy, OECD Economics Department Working Papers No. 1169.
Reifschneider, D., Wascher, W., Wilcox, D., 2015. Aggregate supply in the United States: Recent developments and implications for the conduct of monetary policy. IMF Economic Review 63, 71–109.
Schmitt-Grohe, S. and Uribe, M. 2007. Optimal simple and implementable monetary and fiscal rules. Journal Monetary Economics 54, 1702–1725.
Song, Z., Storesletten, K. and Zilibotti, F., 2012. Rotten parents and disciplined children: A politico-economic theory of public expenditure and debt. Econometrica 80, 2785–2803.
Storesletten, K., Telmer, C. and Yaron, A., 2001. The welfare cost of business cycles revisited: Finite lives and cyclical variation in idiosyncratic risk. European Economic Review 45, 1311–1339.
Tallarini, T., 2000. Risk sensitive real business cycles. Journal of Monetary Economics 3, 507–532.
Taylor, J. B., 1993. Discretion versus policy rules in practice. Carnegie-Rochester Conference Series on Public Policy 39, 195–214.
Tervala, J., 2013. Learning by devaluating: a supply-side effect of competitive devaluation. International Review of Economics and Finance 27, 275–290.
Walentin, K. and Westermark, K., 2018. Learning on the job and the cost of business cycles. Sveriges riksbank working paper 353.
- Walentin, K. and Westermark, K., 2018. Stabilising the real economy increases average output, https://voxeu.org/article/stabilising-real-economy-increases-average-output (accessed on September 22, 2019).
Paper not yet in RePEc: Add citation now
Whalen, C., and Reichling, F., 2017. Estimates of the Frisch Elasticity of Labor Supply: A Review. Eastern Economic Journal 43, 37–42.
Yellen, J. L., 2016. Macroeconomic research after the crisis. Presentation at “The elusive ‘great’ recovery: Causes and implications for future business cycle dynamics†60th annual economic conference sponsored by the Federal Reserve Bank of Boston, Boston, Massachusetts.