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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17797| Title: | Business Cycle Volatility in Germany |
| Keywords: | G15 E32 F47 F41 F36 ddc:330 Business Cycle Volatility Germany Konjunktur Volatilität Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | 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?. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17797 |
| Other Identifiers: | http://hdl.handle.net/10419/17797 ppn:356925803 |
| Appears in Collections: | EconStor |
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