Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels
收藏NBER2008-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14048
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资源简介：
We review evidence on the Great Moderation in conjunction with evidence about volatility trends at the micro level. We combine the two types of evidence to develop a tentative story for important components of the aggregate volatility decline and its consequences. The key ingredients are declines in
提供机构：
美国国家经济研究局
创建时间：
2008-05-01
