Eric Engstrom

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

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A New Decomposition of U.S. Recessions and Crises into Aggregate Supply and Demand Components

Number of pages: 81 Posted: 08 Apr 2025

Geert Bekaert, Eric Engstrom and Andrey Ermolov

Columbia University - Columbia Business School, Board of Governors of the Federal Reserve System and Fordham University - Gabelli School of Business

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