Thread by @JWMason1

Since others might be wondering the same thing, here are some I've found useful. Empirical/policy oriented papers:

Ball 2009 - Hysteresis

Ball 2014 - Long-term damage from the Great Recession in OECD countries

Ball 2015 - Monetary Policy for a High-Pressure Economy

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https://twitter.com/jxrisk/status/1192440063260549120

Ball, DeLong and Summers 2014 - Fiscal Policy and Full Employment

Blanchard and Summers 2017 - Rethinking Stabilization Policy, Back to the Future

Fatas and Summers 2016 - Permanent Effects of Fiscal Consolidations

Mason 2017 - What Recovery?

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Mathy 2015 - Hysteresis and Persistent Long-term Unemployment - Lessons from the Great Depression and World War 2

Yagan 2017 - Employment Hysteresis from the Great Recession

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There's a lot of heterodox/post Keynesian theoretical work in this area. Here are some good papers that come to mind:

Dutt 2006 - Aggregate Demand, Aggregate Supply and Economic Growth

Dutt 2013 - Government spending, aggregate demand, and economic growth

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Fazzari et al 2018 - Demand-Led Growth and Accommodating Supply

Fontanari et al 2019 - Potential Output in Theory and Practice

Michl 2016 - Hysteresis in a Three-Equation Model

Setterfield 2015 - Path dependency

also good discussion in new textbook by @danieletavani

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@danieletavani I don't read much mainstream theory but there is definitely some that explores hysteresis and path dependency. For example:

Engler and Tervala 2016 - Hysteresis and Fiscal Policy

Kienzler and Schmid 2014 - Hysteresis in Potential Output and Monetary Policy

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