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The bottom line is that Gabaix has opened the way for a much richer real business cycle theory in which real shocks can be identified and tied to specific firms and through transmission mechanisms these real shocks can affect the aggregate economy. ... The issue isn't whether RBC is dead. ... How to save The New York Times?
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www.marginalrevolution.com/marginalrevolution/2009/10/i...
www.marginalrevolution.com/marginalrevolution/2009/10/is-real-business-cycle-theory-dead.html
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A business-cycle version suggests that the short-run trade-off between inflation and unemployment has changed, ... Despite all of the fanfare and discussion, it appears too early to tell if the U.S. economy is really "new" in the way that new-economy proponents believe. Conventional economics can explain much of what...
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www.questia.com/PM.qst?a=o&se=gglsc&d=5001276379
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A growing number of economists, business leaders, and journalists have become proponents of a "new economy" view. A major tenet of this new thinking is that the old rules of the economy no longer apply, ... This period of economic prosperity has lasted long enough that some are proclaiming the business cycle dead.
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gbr.pepperdine.edu/993/labor.html
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The old economy was cement and plywood. The new economy is microchips and computer algorithms; ... No serious economist thinks the business cycle is dead. ...
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www.economics.harvard.edu/files/faculty/40_may1500.html
www.economics.harvard.edu/files/faculty/40_may1500.html
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(5) The Business Cycle ... This led the business press to declare "inflation is dead." (In fact, ... The "new economic paradigm" or "new economy" proponents, especially those in the financial press, note that even after full employment was achieved in 1997 (according to Congressional Budget Office's conventional measure of the NAIRU),
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digital.library.unt.edu/govdocs/crs/permalink/meta-crs-...
digital.library.unt.edu/govdocs/crs/permalink/meta-crs-1607:1
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Economy proponents is that the development, adoption and the use of new information and communication technology (ICT) have reshaped the economy in fundamental ways. ... For one time, one may have heard arguments that the business cycle was dead in the New Economy, now it is ... (Baily, 2001: 210). According to DeLong et al.
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www.dogus.edu.tr/dogustru/journal/cilt_5_sayi_1/M00110....
www.dogus.edu.tr/dogustru/journal/cilt_5_sayi_1/M00110.PDF
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According to proponents of the New Economy, the business cycle is dead. ... The New Economy is characterized by: ... the end of the business cycle.
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www.paccd.cc.ca.us/instadmn/socsci/jleekim/MCKCHP17.htm
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In areas of Manchester and Leeds, and even parts of London, thousands of new-build flats are being offloaded at auction for 30 per cent less than they cost to buy, according to the auctioneers Allsop. ... This will have a profoundly deflationary effect, leading to falling high-street sales, business closures,
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www.newstatesman.com/economy/2008/06/house-prices-housi...
www.newstatesman.com/economy/2008/06/house-prices-housing-british
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So, inclusive health coverage for many more Americans under the Obama Plan—with business as usual—means these horrendous figures will rise. ... It wasn't until reports surfaced of more than 100 new cases of delirium, hallucinations and other abnormal psychiatric behavior in children treated ... According to the local media,
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www.newmediaexplorer.org/sepp/
www.newmediaexplorer.org/sepp/
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