Why Have Business Cycle Fluctuations Become Less Volatile?
收藏NBER2006-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12079
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资源简介：
This paper shows that a standard Real Business Cycle model driven by productivity shocks can successfully account for the 50 percent decline in cyclical volatility of output and its components, and labor input that has occurred since 1983. The model is successful because the volatility of
提供机构：
美国国家经济研究局
创建时间：
2006-03-01
