Explaining the Great Moderation : It is Not the Shocks

This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the decline in the volatility of exogenous shocks but rather a change in their propagation mechanism

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Year of publication:	[2021]
Authors:	Giannone, Domenico ; Lenza, Michele ; Reichlin, Lucrezia
Publisher:	[S.l.] : SSRN
Subject:	Schock \| Shock \| Volatilität \| Volatility \| Wirtschaftswachstum \| Economic growth \| VAR-Modell \| VAR model \| Politische Kommunikation \| Political communication \| Nationaleinkommen \| National income

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Extent:	1 Online-Ressource (20 p)
Series:	ECB Working Paper ; No. 865
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2008 erstellt
Other identifiers:	10.2139/ssrn.1090279 [DOI]
Classification:	E32 - Business Fluctuations; Cycles ; E37 - Forecasting and Simulation ; C32 - Time-Series Models ; C53 - Forecasting and Other Model Applications
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013316599