Canarella, Giorgio; Fang, WenShwo; Miller, Stephen M.; … - Department of Economics, University of Nevada-Las Vegas - 2008
in time. The explanations for the Great Moderation fall into generally three different categories: good monetary policy …, improved inventory management, or good luck. Summers (2005) argues that a combination of good monetary policy and better … time in both the US and the UK. It seems unlikely that good monetary policy would turn into bad policy or that better …