Arbeitspapier
Explaining the Great Moderation: it is not the shocks
This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the decline in the volatility of exogenous shocks but rather a change in their propagation mechanism.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 865
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Forecasting Models; Simulation Methods
- Thema
-
Great Moderation
Information
shocks
Wirtschaftswachstum
Nationaleinkommen
Volatilität
Schock
Politische Kommunikation
VAR-Modell
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Giannone, Domenico
Lenza, Michele
Reichlin, Lucrezia
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Giannone, Domenico
- Lenza, Michele
- Reichlin, Lucrezia
- European Central Bank (ECB)
Entstanden
- 2008
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