Kahn, James A. (contributor) - 2008
by a productivity slowdown that may have begun in 2004, an event that could reasonably have been viewed as highly …
begun in 2004, an event that could reasonably have been viewed as highly unlikely by
investors and mortgage issuers in the …-probability event viewed from the perspective of the early part of the decade.
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A key parameter turns out to be the elasticity of …