Economic Policies and Microeconomic Stability: A Literature Review and Some Empirics
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The decline in macroeconomic volatility from the 1980s to the onset of the Great Recession did not, in general, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as creative destruction and re-allocation of resources, consumption growth volatility weighs on households’...
