Frankel, David M. (contributor) - 2001 - [Elektronische Ressource]
Shocks and Business Cycles
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David M. Frankel
Tel Aviv University
May 16, 2001
Abstract
A popular theory of business ….
This theory is not entirely satisfactory. First, it is unclear how a large number of
firms or workers end up interpreting … sunspots.
The theory still has the property that recessions and expansions can occur suddenly and
without any obvious external …