{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Antonio Fat\u00e1s on Hysteresis and the Business Cycle","description":"Antonio Fat\u00e1s is a professor of economics at INSEAD, an international business school with campuses in Singapore, France, and Abu Dhabi. Antonio joins David on Macro Musings to talk about hysteresis and the business cycle. Specifically, David and Antonio discuss the history of the academic literature on business cycle and trend, the impact of the Kydland and Prescott model, and how endogenous growth models play into hysteresis. &amp;nbsp; Support Macro Musings and get a free NGDP targeting mug:  https:\/\/donate.mercatus.org\/mug\/?utm_source=shownotes&amp;amp;utm_medium=hyperlink&amp;amp;utm_campaign=mug &amp;nbsp; Transcript for the episode can be found  here. &amp;nbsp; Antonio\u2019s INSEAD profile: https:\/\/faculty.insead.edu\/fatas\/ Antonio\u2019s Twitter: @AntonioFatas &amp;nbsp; Related Links: &amp;nbsp; *Hysteresis and the Business Cycle* by Valerie Cerra, Antonio Fat\u00e1s, and Sweta Saxena https:\/\/faculty.insead.edu\/fatas\/hysteresis.pdf &amp;nbsp; *Time to build and aggregate fluctuations* by F.E. Kydland and E.C. Prescott https:\/\/www.jstor.org\/stable\/1913386?seq=1 &amp;nbsp; *The Dynamic Effects of Aggregate Demand and Supply Disturbances* by Olivier Jean Blanchard and Danny Quah https:\/\/www.jstor.org\/stable\/1827924?origin=JSTOR-pdf&amp;amp;seq=1 &amp;nbsp; David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/18772256\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/101176055"}