{"id":"https://openalex.org/W3146477908","doi":"https://doi.org/10.1086/718588","title":"Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?","display_name":"Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?","publication_year":2022,"publication_date":"2022-05-01","ids":{"openalex":"https://openalex.org/W3146477908","doi":"https://doi.org/10.1086/718588","mag":"3146477908"},"language":"en","primary_location":{"id":"doi:10.1086/718588","doi":"https://doi.org/10.1086/718588","is_oa":false,"landing_page_url":"https://doi.org/10.1086/718588","pdf_url":null,"source":{"id":"https://openalex.org/S127060114","display_name":"NBER Macroeconomics Annual","issn_l":"0889-3365","issn":["0889-3365","1537-2642"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-1"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"NBER Macroeconomics Annual","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086784344","display_name":"Robert Ernest Hall","orcid":"https://orcid.org/0000-0001-6117-6729","observed_orcids":["https://orcid.org/0000-0001-6117-6729"]},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Robert E. Hall","raw_affiliation_strings":["Stanford University and NBER, United States of America"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Stanford University and NBER, United States of America","institution_ids":["https://openalex.org/I97018004"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5046560770","display_name":"Marianna Kudlyak","orcid":"https://orcid.org/0009-0003-1818-3634","observed_orcids":["https://orcid.org/0009-0003-1818-3634"]},"institutions":[{"id":"https://openalex.org/I19990318","display_name":"Federal Reserve Bank of San Francisco","ror":"https://ror.org/05p5xsx92","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I19990318"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Marianna Kudlyak","raw_affiliation_strings":["Federal Reserve Bank of San Francisco and Center for Economic Policy Research, United States of America"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Bank of San Francisco and Center for Economic Policy Research, United States of America","institution_ids":["https://openalex.org/I19990318"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":4.4939,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.94421537,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"36","issue":null,"first_page":"1","last_page":"55"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9071999788284302,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9071999788284302,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.02669999934732914,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.026499999687075615,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economic-recovery","display_name":"economic recovery","score":0.7919999957084656},{"id":"https://openalex.org/keywords/recession","display_name":"economic recession","score":0.8130000233650208},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.6579999923706055},{"id":"https://openalex.org/keywords/us-economy","display_name":"United States economy","score":0.7279999852180481},{"id":"https://openalex.org/keywords/recession-duration","display_name":"recession duration","score":0.4009999930858612},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.31299999356269836}],"concepts":[{"id":"https://openalex.org/C195742910","wikidata":"https://www.wikidata.org/wiki/Q176494","display_name":"Recession","level":2,"score":0.7487130761146545},{"id":"https://openalex.org/C2780154274","wikidata":"https://www.wikidata.org/wiki/Q7126717","display_name":"Download","level":2,"score":0.6597272157669067},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.5970908403396606},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.4477975070476532},{"id":"https://openalex.org/C6303427","wikidata":"https://www.wikidata.org/wiki/Q47398","display_name":"Economic history","level":1,"score":0.42981263995170593},{"id":"https://openalex.org/C2992071073","wikidata":"https://www.wikidata.org/wiki/Q154510","display_name":"Great recession","level":2,"score":0.41474583745002747},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.40906956791877747},{"id":"https://openalex.org/C161191863","wikidata":"https://www.wikidata.org/wiki/Q199655","display_name":"Library science","level":1,"score":0.38103199005126953},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.23173880577087402},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.18469250202178955},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1086/718588","doi":"https://doi.org/10.1086/718588","is_oa":false,"landing_page_url":"https://doi.org/10.1086/718588","pdf_url":null,"source":{"id":"https://openalex.org/S127060114","display_name":"NBER Macroeconomics Annual","issn_l":"0889-3365","issn":["0889-3365","1537-2642"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-1"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"NBER Macroeconomics Annual","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.7599999904632568,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":37,"referenced_works":["https://openalex.org/W649767104","https://openalex.org/W1513281941","https://openalex.org/W1535138324","https://openalex.org/W1553214474","https://openalex.org/W1774000681","https://openalex.org/W1802767265","https://openalex.org/W1804939085","https://openalex.org/W1994399477","https://openalex.org/W2010777522","https://openalex.org/W2011997337","https://openalex.org/W2026817330","https://openalex.org/W2051133393","https://openalex.org/W2056401733","https://openalex.org/W2077377515","https://openalex.org/W2080196427","https://openalex.org/W2087172564","https://openalex.org/W2095663347","https://openalex.org/W2096064009","https://openalex.org/W2098914049","https://openalex.org/W2104485914","https://openalex.org/W2109298044","https://openalex.org/W2110580158","https://openalex.org/W2112137032","https://openalex.org/W2119728635","https://openalex.org/W2123253124","https://openalex.org/W2123518587","https://openalex.org/W2134956426","https://openalex.org/W2147993038","https://openalex.org/W2766635886","https://openalex.org/W2789624145","https://openalex.org/W2890038060","https://openalex.org/W2990792941","https://openalex.org/W3122797425","https://openalex.org/W3125237996","https://openalex.org/W4213202709","https://openalex.org/W4233114278","https://openalex.org/W4239728184"],"related_works":["https://openalex.org/W1543957981","https://openalex.org/W183744858","https://openalex.org/W2226398528","https://openalex.org/W7006806534","https://openalex.org/W636090645","https://openalex.org/W7112443687","https://openalex.org/W4387720805","https://openalex.org/W113704709","https://openalex.org/W7044362208","https://openalex.org/W3124365168"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2021-04-13T00:00:00"}
