associated with a 0.05-0.26 pp increase in economic growth. Lastly, this can potentially explain the Great Moderation. …

associated with a 0.05-0.26 pp increase in economic growth. Lastly, this can potentially explain the Great Moderation. …

This paper investigates the effect of output volatility and the great moderation on growth in a model that … that volatility affects growth positively, that there is a great moderation in five of the G7 countries and that the great … moderation has a negative effect on growth in all G7 countries. A simulation exercise shows that cross-country interactions are …

This paper investigates the effect of output volatility and the great moderation on growth in a model that … that volatility affects growth positively, that there is a great moderation in five of the G7 countries and that the great … moderation has a negative effect on growth in all G7 countries. A simulation exercise shows that cross-country interactions are …

-war economic activity in the United States, and that during the Great Moderation, aggregate stock market volatility explains, alone …

volatility of output growth and inflation, starting in the mid 1980s, consistent with the “Great Moderation” noted by many others …

decline in volatilities in our sample, much greater than the Great Moderation that began in the 1980s. Fluctuations in output …

during the Great Moderation, and often the difference is huge. Both volatilities typically reach their lowest levels … following the Great Moderation. The Great Moderation often counteracts an increase in volatility that took place in the 1970s … gains associated with the Great Moderation, and sometimes it has even eroded gains made during the Postwar Moderation …