| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6635 |
| DP6635 Does Interbank Borrowing Reduce Bank Risk? | |
| Jurgen von Hagen; Valeriya Dinger | |
| 发表日期 | 2008-01-11 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | The remarkable decline in macroeconomic volatility experienced by the U.S. economy since the mid-80s (the so-called Great Moderation) has been accompanied by large changes in the patterns of comovements among output, hours and labour productivity. Those changes are reflected in both conditional and unconditional second moments as well as in the impulse responses to identified shocks. That evidence points to structural change, as opposed to just good luck, as an explanation for the Great Moderation. We use a simple macro model to suggest some of the immediate sources which are likely to be behind the observed changes. |
| 主题 | International Macroeconomics |
| 关键词 | Great moderation Labour hoarding Monetary policy rules Structural vars Technology shocks |
| URL | https://cepr.org/publications/dp6635 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535469 |
| 推荐引用方式 GB/T 7714 | Jurgen von Hagen,Valeriya Dinger. DP6635 Does Interbank Borrowing Reduce Bank Risk?. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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