{
    "name": [
        {
            "role": "creator",
            "namePart": [
                "Benati, Luca"
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        },
        {
            "role": "creator",
            "namePart": [
                "Lubik, Thomas A."
            ],
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                    "4241"
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        }
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    "note": [],
    "genre": [
        "article"
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    "abstract": [
        "Economists are keenly interested in longer-run economic phenomena that interact with short-run shocks and business cycles. A particularly well-known example is hysteresis, which posits that disturbances typically thought of as transitory actually can have permanent effects. While this concept is well-recognized in theoretical modeling, empirical evidence has been sparse. After conducting a thorough analysis of U.S. macroeconomic data, we conclude that there has been no hysteresis in the United States for the past 60 years."
    ],
    "language": [
        "eng"
    ],
    "titleInfo": [
        {
            "title": "Seek and Ye Shall Not Find",
            "subTitle": "The Absence of Hysteresis in U.S. Macroeconomic Data",
            "titlePartNumber": "No. 21-04"
        }
    ],
    "originInfo": {
        "issuance": "multipart",
        "sortDate": "2021-02-04",
        "dateIssued": "February 2021"
    },
    "recordInfo": {
        "recordIdentifier": [
            "600382"
        ],
        "recordUpdatedDate": "2025-07-09 12:44:28",
        "recordCreationDate": "2021-02-04 12:00:52",
        "recordType": "item"
    },
    "typeOfResource": "text",
    "physicalDescription": {
        "form": "electronic",
        "extent": "7 pages",
        "digitalOrigin": "born digital",
        "internetMediaType": [
            "application\/pdf"
        ]
    },
    "location": {
        "url": [
            "https:\/\/fraser.stlouisfed.org\/title\/economic-brief-6034\/seek-ye-shall-find-600382"
        ],
        "iiif_manifest_url": [
            "https:\/\/iiif.slf.digirati.io\/presentation\/item\/600382"
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        ],
        "pdfUrl": [
            "https:\/\/fraser.stlouisfed.org\/docs\/historical\/frbrich\/econbrief\/frbrich_eb_21-04.pdf"
        ],
        "textUrl": [
            "https:\/\/fraser.stlouisfed.org\/files\/text\/historical\/frbrich\/econbrief\/frbrich_eb_21-04.txt"
        ]
    },
    "relatedItem": [
        {
            "@type": "parent",
            "recordInfo": {
                "recordIdentifier": [
                    "6034"
                ]
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            "titleInfo": [
                {
                    "title": "Economic Brief "
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            "name": [
                {
                    "role": "contributor",
                    "namePart": [
                        "Federal Reserve Bank of Richmond"
                    ],
                    "recordInfo": {
                        "recordIdentifier": [
                            "521"
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                }
            ]
        }
    ],
    "accessCondition": "For more information on rights relating to this item, please see: https:\/\/fraser.stlouisfed.org\/title\/economic-brief-6034\/seek-ye-shall-find-600382"
}