The great diversification and its undoing.
Tipo de material:
ArtículoIdioma: Inglés ISSN: - 00028282
Contenidos:
En: The American economic reviewResumen: This article explores the hypothesis that changes in the microeconomic composition of the economy during the postwar period can account for the "great moderation" and its unraveling, both in the United States and in the other major world economies.
Fundamental volatility and low-frequency movements in GDP volatility, 1705 ; A brief history of fundamental volatility, 1711 ; Discussion and robustness checks, 1717 ; Conclusion, 1722
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Bibliografía : páginas 1726-1727.
Framework and motivation, 1701 ; Fundamental volatility and low-frequency movements in GDP volatility, 1705 ; A brief history of fundamental volatility, 1711 ; Discussion and robustness checks, 1717 ; Conclusion, 1722
This article explores the hypothesis that changes in the microeconomic composition of the economy during the postwar period can account for the "great moderation" and its unraveling, both in the United States and in the other major world economies.
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