Fortune or Virtue: Time Variant Volatilities versus Parameter Drifting in U.S. Data
policy rules during Volckers tenure as Chairman of the Fed. At the same time, we document how good volatility shocks played an important role in the great performance of the economy during the 1990s.
Year of publication: |
2010
|
---|---|
Authors: | Rubio-Ramirez, Juan ; Fernandez-Villaverde, Jesus ; Guerron-Quintana, Pablo A. |
Institutions: | Society for Economic Dynamics - SED |
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