Belke, Ansgar - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 4, pp. 587-619
. Merely referring to the hard form of "reverse hysteresis" and pressing for bold counter-cyclical monetary (and fiscal …; and by the claim that stronger demand fueled by monetary policy might be able to reverse such effects. However, the … Blanchard and Summers type of hysteresis approach should not be taken one-to-one into recommendations for monetary policy …