Arbeitspapier
Business Cycle Volatility in Germany
Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and the nature of this decline have so far been analyzed mainly for the United States. In this paper, we analyze whether structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the case of the United States. In consequence, it is difficult to answer the question whether the decline in output volatility in Germany reflects good economic and monetary policy or merely ?good luck?.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1129
- Klassifikation
-
Wirtschaft
International Financial Markets
Business Fluctuations; Cycles
Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications
Open Economy Macroeconomics
Financial Aspects of Economic Integration
- Thema
-
Business Cycle
Volatility
Germany
Konjunktur
Volatilität
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
Doepke, Joerg
Pierdzioch, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Doepke, Joerg
- Pierdzioch, Christian
- Kiel Institute for World Economics (IfW)
Entstanden
- 2002
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