The closure of a longstanding retail chain serves as a reminder of life’s impermanence. May we learn from their journey & support emerging opportunities. #BusinessCycles
The result?
A trend-cum-cycle model where fluctuations persist endogenously, while long-run growth remains demand-led.
This bridges business cycle theory with supermultiplier models! 🔄📈
#MacroEcon #BusinessCycles #EconomicGrowth
3/3
Reminder: today, 2:15 pm CEST: IWH Research Seminar in #Economics with Christoph Görtz (University of Augsburg @cgortz.bsky.social)
▶️ To join the lecture via Zoom, please register here: www.iwh-halle.de/en/about-the...
#technologyshocks #TFP #businesscycles
IWH #Research Seminar in #Economics with Christoph Görtz (Universität Augsburg)
📣 “The Changing Nature of Technology Shocks”
📅 Tuesday, June 2, 2:15 pm CEST
▶️ Join us via Zoom! Please register here to get your link: www.iwh-halle.de/ueber-das-iw...
#technologyshocks #TFP #businesscycles