Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in U.S. Data
收藏NBER2010-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15928
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资源简介：
This paper compares the role of stochastic volatility versus changes in monetary policy rules in accounting for the time-varying volatility of U.S. aggregate data. Of special interest to us is understanding the sources of the great moderation of business cycle fluctuations that the U.S. economy
提供机构：
美国国家经济研究局
创建时间：
2010-04-01
