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Post-traumatic slack syndrome and the economic outlook (with thanks to Finn Kydland, Dolly Parton and John Kenneth Galbraith)

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  • Richard W. Fisher

Abstract

\"I envision an output path going forward from here that looks something like a check mark, with the Johnny Mercer effect giving us a near-term snapback from the short, intense downstroke, followed by a transition to a long period of slower growth corresponding to the elongated side of the mark.\" ; Remarks at the Laboratory for Aggregate Economics and Finance, University of California, Santa Barbara, September 3, 2009.

Suggested Citation

  • Richard W. Fisher, 2009. "Post-traumatic slack syndrome and the economic outlook (with thanks to Finn Kydland, Dolly Parton and John Kenneth Galbraith)," Speeches and Essays 7, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddsp:7
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    File URL: http://dallasfed.org/news/speeches/fisher/2009/fs090903.cfm
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