Kehoe, Timothy J.; Ruhl, Kim J. - Federal Reserve Bank of Minneapolis - 2009
,
Federal Reserve Bank of Minneapolis,
and National Bureau of Economic Research
Kim J. Ruhl
Stern School of Business, New … response to events
like business cycles.
The method we develop for measuring the extensive margin represents a break
from … policies. We refer to
these last sorts of episodes as business cycle episodes, since these stable bilateral
relationships …