Del Negro, Marco; Lenza, Michele; Primiceri, Giorgio E.; … - 2020
Great Recession. In ation, in contrast, has gone quiescent. This paper studies the sources of this disconnect using VARs and … evidence rules out stories centered around changes in the structure of the labor market or in how we should measure its …The business cycle is alive and well, and real variables respond to it more or less as they always did. Witness the …