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Is the Great Moderation Ending? UK and US Evidence

Canarella, Giorgio; Fang, Wen-Shwo; Miller, Stephen M.; … - 2010

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...

Persistent link: https://www.econbiz.de/10014215633

Conditional growth volatility and sectoral comovement in U.S. industrial production, 1828-1915

Freire, Gustavo; Resende, Marcelo - In: Empirical economics : a journal of the Institute for … 59 (2020) 6, pp. 3063-3084

Persistent link: https://www.econbiz.de/10012504357

Volatility and growth : governments are key

Jetter, Michael - 2013

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

Persistent link: https://www.econbiz.de/10010228789

Endogenous Growth, Monetary Shocks and Nominal Rigidities

Annicchiarico, Barbara; Pelloni, Alessandra; Rossi, Lorenza - 2010

: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

Persistent link: https://www.econbiz.de/10010343890

Is industrial production still the dominant factor for the US economy?

Andreou, Elena; Gagliardini, Patrick; Ghysels, Eric; … - 2016

We derive asymptotic properties of estimators and test statistics to determine - in a grouped data setting - common versus group-specific factors. Despite the fact that our test statistic for the number of common factors, under the null, involves a parameter at the boundary (related to unit...

Persistent link: https://www.econbiz.de/10011515884

Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Ristuccia, Cristiano Andrea - 2015

economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA …

Persistent link: https://www.econbiz.de/10013033865

Quantitative Aspects of Canadian Growth and Development, 1850-1926

Altman, Morris - 2010

Estimates of the quantitative attributes of Canadian economic history, such as total output, manufacturing output, labour productivity, and price changes, have, with the application of more sophisticated methods of data collection and compilation, undergone significant revision since the 1950s....

Persistent link: https://www.econbiz.de/10014198785

Growth-promoting policies and macroeconomic stability

Sutherland, Douglas; Höller, Peter - 2013

Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...

Persistent link: https://www.econbiz.de/10010231015

Growth policies and macroeconomic stability

Sutherland, Douglas; Höller, Peter - 2014

Persistent link: https://www.econbiz.de/10010374493

Comovements and structural factors of macroeconomic volatility in developing and transition economies : a dynamic panel data approach

Ouechtati, Ichraf; Zaouali, Amira - 2013

volatility in developing and transition economies, using dynamic panel technique. According to an analysis of variance and … expenditures, consumption and GDP volatilities are the major determinants of macroeconomic volatility. The most influential …

Persistent link: https://www.econbiz.de/10009788587