Ahmed, Shaghil; Levin, Andrew; Wilson, Beth Anne - In: The Review of Economics and Statistics 86 (2004) 3, pp. 824-832
The volatility of U.S. real GDP growth since 1984 has been markedlylowerthanoverthepreviousquartercentury.Weutilizefrequency-domain and VAR methods to distinguish among competing explanations for this reduction: improvements in monetary policy, better business practices, and a fortuitous...