Liu, Zheng; Waggoner, Daniel F.; Zha, Tao - 2009
://www.frbsf.org/publications/economics/papers/2009/wp09-01bk.pdf
The views in this paper are solely the responsibility of the authors and should not be
interpreted as ….
Sources of the Great Moderation:
Shocks, Frictions, or Monetary Policy?
Zheng Liu
Federal Reserve Bank of San Francisco …, FRICTIONS,
OR MONETARY POLICY?
ZHENG LIU, DANIEL F. WAGGONER, AND TAO ZHA
Abstract. We study the sources of the Great Moderation …