FOR FURTHER READING
- Ball, Lawrence. 2009. Hysteresis in Unemployment: Old and New Evidence. National Bureau of Economic Research Working Paper #14818. Cambridge, MA: NBER.
- ———. 2014. Long-Term Damage from the Great Recession in OECD Countries. National Bureau of Economic Research Working Paper #20185. Cambridge, MA: NBER.
- Bivens, Josh. 2014. Nominal Wage Targets: A Vital Dashboard Indicator for Monetary Policy. Briefing Paper for the Policy Futures Project of the Center on Budget and Policy Priorities (CBPP), Washington, DC.
- Bivens, Josh, and Lawrence Mishel. 2015. Understanding the Historic Divergence between Productivity and a Typical Worker’s Pay. Economic Policy Institute Briefing Paper #406.
- Bureau of Economic Analysis, U.S. Department of Commerce. Various years. National Income and Product Accounts Tables [data tables]. http://bea.gov/iTable/iTable.cfm?ReqID=9&step=1.
- Bureau of Labor Statistics (BEA), U.S. Department of Labor. Various years. Labor Productivity and Costs Program. Unpublished data on total economy productivity. Washington, D.C.
- Congressional Budget Office (CBO). Various years. Potential GDP and Underlying Inputs data. https://www.cbo.gov/about/products/budget_economic_data#6.
- Eggertsson, Gauti. 2003. “Zero Bound on Interest Rates and Optimal Monetary Policy.” Brookings Papers on Economic Activity 1, 139–233.
- Fatás, Antonio, and Lawrence Summers. 2015. The Permanent Effects of Fiscal Consolidations. Discussion Paper #10902. Centre for Economic Policy Research (CEPR).
- Hein, Eckhard, and Artur Tarassow. 2010. “Distribution, Aggregate Demand and Productivity Growth: Theory and Empirical Results for Six OECD Countries Based on a Post-Kaleckian Model.” Cambridge Journal of Economics 34: 727–54.
- Krugman, Paul. 1998. “It’s Baaack: Japan’s Slump and the Return of the Liquidity Trap.” Brookings Papers on Economic Activity 29, no. 2: 137–206.
- Lovenheim, Michael. 2011. “The Effect of Liquid Housing Wealth on College Enrollment.” Journal of Labor Economics 29, no. 4: 741–771.
- Marquetti, Adalmir. 2004. “Do Rising Real Wages Increase the Rate of Labor-Saving Technical Change? Some Econometric Evidence.” Metroeconomica 55, no. 4: 432–41.
- Organization for Economic Cooperation and Development. 2015. OECD Economic Outlook. Paris: OECD.
- Pinto, Eugenio, and Stacey Tevlin. 2014.“Perspectives on the Recent Weakness in Investment.” FEDS Notes, May 21, Washington, DC.
- Samuelson, Paul. 1939. “Interactions Between the Multiplier Analysis and the Principle of Acceleration.” Review of Economics and Statistics 1: 1–17.
- Shierholz, Heidi, Alyssa Davis, and Will Kimball. 2014. The Class of 2014: The Weak Economy Is Idling Too Many Young Graduates. Economic Policy Institute Briefing Paper #377. Washington, DC: EPI.