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Andersson, Fredrik; Haltiwanger, John C.; Kutzbach, Mark J. - 2016

Persistent link: https://www.econbiz.de/10011563040

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Interpreting the great moderation : changes in the volatility of economic activity at the macro and micro levels

Davis, Steven J. (contributor); Kahn, James A. (contributor) - 2008

We review evidence on the Great Moderation together with evidence about volatility trends at the micro level to develop a potential explanation for the decline in aggregate volatility since the 1980s and its consequences. The key elements are declines in firm-level volatility and aggregate...