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oai:riuma.uma.es:10630/248902026-02-03T11:12:18Zcom_10630_2254col_10630_37953

Learning by doing, organizational forgetting, and the business cycle Bongers-Chicano, Aneli María Ciclos económicos This paper supplements a learning-by-doing real busi-ness cycle model with endogenous organizational for-getting. Empirical evidence shows that the accumulatedexperience decay rate is not constant over the busi-ness cycle, but that forgetting is a function of economicactivity. Learning reinforces the effects of productivityshocks, and organizational forgetting exacerbates theirimpact and increases their persistence. This is of partic-ular interest when a negative productivity shock hits theeconomy,astheincreasingspeedofforgettingaggravatesthe negative shock and delays recovery. 2022-09-06T06:28:57Z 2022-09-06T06:28:57Z 2022-05-03 journal article Bongers, A. (2022). Learning by doing, organizational forgetting, and the business cycle. Bulletin of Economic Research, 1– 10. https://doi.org/10.1111/boer.12346 https://hdl.handle.net/10630/24890 https://doi.org/10.1111/boer.12346 eng http://creativecommons.org/licenses/by/4.0/ open access Atribución 4.0 Internacional Wiley