A new way to judge how the economy performs in booms and busts
• When the economy grows or shrinks, we often focus on how long the phase lasts or how deep it goes. • A new paper asks a sharper question: How does actual growth compare with stea
• When the economy grows or shrinks, we often focus on how long the phase lasts or how deep it goes. • A new paper asks a sharper question: How does actual growth compare with stea