What Caused the Decline in U.S. Business Cycle Volatility?
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This paper investigates the sources of the widely noticed reduction in the volatility of American business cycles since the mid 1980s. Our analysis of reduced volatility emphasizes the sharp decline in the standard deviation of changes in real GDP, of the output gap, and of the inflation rate. The
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美国国家经济研究局创建时间：
2005-11-01
