文章基本信息

标题：Explaining the Great Moderation: it is not the shocks
本地全文：下载
作者：Domenico Giannone ; Michele Lenza ; Lucrezia Reichlin 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2008
卷号：1
出版社：European Central Bank
摘要：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.
关键词：Shocks; Information; Great Moderation.