CHARLES, Amelie; Darné, Olivier; Ferrara, Laurent - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2014
advanced countries, our empirical results do not give evidence to the end of the Great Moderation period but rather that the …After years of low macroeconomic volatility since the early eighties, well documented and referred to as the Great … Moderation period in the literature, the 2008-2009 worldwide recession adversely impacted output levels in most of advanced …