Fang, WenShwo; Miller, Stephen M.; Canarella, Giorgio; … - Department of Economics, University of Connecticut - 2008
The Great Moderation, the significant decline in the variability of economic activity, provides a most remarkable … Susmel (1994) to document the end of the Great Moderation. The Great Moderation in the US and the UK begin at different point … in time. The explanations for the Great Moderation fall into generally three different categories -- good monetary policy …