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New evidence is provided to assess the recent controversy regarding the volatility of real economic activity before 1929 relative to the period since World War II. Some recent work claims that the longstanding stylized fact of greater prewar volatility is "spurious". In contrast, this paper...
Persistent link: https://www.econbiz.de/10012477072
rent index is biased downward for all of the last century. The CPI rises roughly 2 percent per year slower than quality …
Persistent link: https://www.econbiz.de/10012466895
New evidence is provided to assess the recent controversy regarding the volatility of real economic activity before 1929 relative to the period since World War II. Some recent work claims that the longstanding stylized fact of greater prewar volatility is "spurious". In contrast, this paper...
Persistent link: https://www.econbiz.de/10013223004
rent index is biased downward for all of the last century. The CPI rises roughly 2 percent per year slower than quality …
Persistent link: https://www.econbiz.de/10013243467