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 feature of the macroeconomic landscape in the last twenty years. A number of papers document the beginning of the Great Moderation in the US and the UK. In this paper, we use the...
