Canarella, Giorgio; Fang, Wen-shwo; Miller, Stephen M.; … - 2008
://www.econ.uconn.edu/
This working paper is indexed on RePEc, http://repec.org/
Abstract
The Great Moderation, the significant decline in the … number of papers document the beginning of the Great
Moderation in the US and the UK. In this paper, we use the Markov regime … Moderation in the US and the
UK begin at different point in time. The explanations for the Great Moderation
fall into generally …