The Economic Crisis from a Neoclassical Perspective

By Lee E. Ohanian. 2010

160 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/054b712b6edce4556cfd2ae445d2959a49376f1e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Benjamin Moll
2. Francisco J. Buera
3. Saki Bigio
4. Charles I. Jones
5. Hugo A. Hopenhayn
6. Jacopo Ponticelli
7. J. David
8. Venky Venkateswaran

Citations in the corpus

• Endogenous Liquidity and the Business Cycle (2015, methodology): “The model naturally performs poorly when I use utilization-adjusted TFP because utilization is not a production input in the model.18 Also, φ̂t remains high after the end of the Great Recession.”
• Aggregate Implications of a Credit Crunch (2012, background): “Each period, entrepreneurs draw a new productivity from a distribution ψ(z).”
• CAPITAL DESTRUCTION, JOBLESS RECOVERIES, AND THE DISCIPLINE DEVICE ROLE OF UNEMPLOYMENT (2012, unknown): “As for real wage rigidities, Ohanian (2009, 2010a, 2010b) provides compelling evidence that both in the Great Depression of the 1930s and in the recession of 2008, distortions in the labor market kept wages far above market-clearing levels.”