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This recession is much different.

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This recession is much different.

4/28/11 – This recession is much different. – We’ve comprehensively examined the last 11 recessions including this one. All other recessions follow a very strong pattern: the bigger the employment decline, the faster the rate of recovery. This is the only recession since WWII that does not follow this pattern. This is very curious given that these recessions occurred and recovered under many different fiscal and monetary policies and environments.

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