| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11946 |
| 来源ID | Working Paper 11946 |
| Assessing the Sources of Changes in the Volatility of Real Growth | |
| Stephen G. Cecchetti; Alfonso Flores-Lagunes; Stefan Krause | |
| 发表日期 | 2006-01-23 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | In much of the world, growth is more stable than it once was. Looking at a sample of twentyfive countries, we find that in sixteen, real GDP growth is less volatile today than it was twenty years ago. And these declines are large, averaging more than fifty per cent. What accounts for the fact that real growth has been more stable in recent years? We survey the evidence and competing explanations and find support for the view that improved inventory management policies, coupled with financial innovation, adopting an inflation targeting scheme and increased central bank independence have all been associated with more stable real growth. Furthermore, we find weak evidence suggesting that increased commercial openness has coincided with increased output volatility. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w11946 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569597 |
| 推荐引用方式 GB/T 7714 | Stephen G. Cecchetti,Alfonso Flores-Lagunes,Stefan Krause. Assessing the Sources of Changes in the Volatility of Real Growth. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11946.pdf（163KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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