| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10092 |
| DP10092 The Two Greatest. Great Recession vs. Great Moderation | |
| Gabriel Pérez-Quirós; Maria Dolores Gadea Rivas; Ana Gomez-Loscos | |
| 发表日期 | 2014-08-03 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The collapse of the global economy in 2008, following the outbreak of the financial crisis, and the ensuing economic developments of the so-called Great Recession (GR) led many economists to suggest that the Great Moderation (GM) had, indeed, come to an end. This paper offers evidence that the decrease in output volatility still remains in force despite the GR and would do so even if the GR continues to extended horizons. This finding has important implications not only for academics, concerning the implementation of theoretical and empirical techniques, but also for policymakers, regarding the understanding of the pattern of recovery from the current and future recessions |
| 主题 | International Macroeconomics |
| 关键词 | Business cycle Markov switching models Volatility Recoveries |
| URL | https://cepr.org/publications/dp10092 |
| 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/538925 |
| 推荐引用方式 GB/T 7714 | Gabriel Pérez-Quirós,Maria Dolores Gadea Rivas,Ana Gomez-Loscos. DP10092 The Two Greatest. Great Recession vs. Great Moderation. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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