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Browsing ADEMU Working Papers Series by Subject "Liquidations"

Browsing ADEMU Working Papers Series by Subject "Liquidations"

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  • Beaudry, Paul; Galizia, Dana; Portier, Franck (2016-09)
    Recessions often happen after periods of rapid accumulation of houses, consumer durables and business capital. This observation has led some economists, most notably Friedrich Hayek, to conclude that recessions often reflect ...

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