Cecchetti, Stephen G.; Flores-Lagunes, Alfonso; Krause, … - In: Economic Journal 116 (2006) 511, pp. 408-433
Over the past 20 years, macroeconomic performance has improved in industrialised and developing countries alike. In a broad cross-section of countries inflation volatility has fallen markedly while output variability has either fallen or risen only slightly. This increased stability can be...