https://www.newcastle.edu.au/profile/bill-mitchell https://www.newcastle.edu.au/profile/bill-mitchell "We have known about the concept and relevance of hystere

https://www.newcastle.edu.au/profile/bill-mitchell https://www.newcastle.edu.au/profile/bill-mitchell "We have known about the concept and relevance of hysteresis since the 1980s. In terms of the academic work, I was one of the earliest contributors to the hysteresis literature in the world. I published several articles on the topic in the 1980s that came out of my PhD research as I was searching for solutions to the dominant view in the profession that the Phillips curve constraint prevented full employment from being sustained " http://bilbo.economicoutlook.net/blog/?m=20200629 http://bilbo.economicoutlook.net/blog/?m=20200629