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Apr 15
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Apr 15
Stylized facts are general patterns or regularities that are observed in economic data or empirical research. These facts are not necessarily universal laws, but they are commonly observed trends that help to inform economic theory and policy. Stylized facts can help researchers to better understand the underlying mechanisms driving economic phenomena and can provide a basis for developing and testing economic models. Examples of stylized facts in economics include the relationship between inflation and unemployment (the Phillips curve), the distribution of income and wealth in society, and the impact of technological change on productivity growth.

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