Output composition and the US output volatility decline

We argue that the role played by output-composition changes on the decline in US output volatility has been incorrectly assessed in the recent literature. We obtain that shifts across broad sectors in the economy account for about thirty-percent of the volatility decline since the 1950’s.

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Year of publication:	2003-07-09
Authors:	Alcalá, Francisco ; Sancho, Israel
Institutions:	EconWPA
Subject:	volatility \| business fluctuations

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Extent:	application/pdf
Series:	Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - ; pages: 9 9 pages
Classification:	E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005561352