Explaining The Great Moderation: It Is Not The Shocks

This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the decline in the volatility of exogenous shocks but rather a change in their propagation mechanism.

MoreLess

Year of publication:	2007-12
Authors:	Giannone, Domenico ; Lenza, Michele ; Reichlin, Lucrezia
Institutions:	C.E.P.R. Discussion Papers
Subject:	Great Moderation \| Information \| Shocks

Online Resource

Check full text access |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 6600
Classification:	C32 - Time-Series Models ; C53 - Forecasting and Other Model Applications ; E32 - Business Fluctuations; Cycles ; E37 - Forecasting and Simulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005666727