Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18689| Title: | Will stability last? |
| Keywords: | E3 F01 E52 ddc:330 growth volatility inflation stabilisation business cycles US UK Euro area Japan Konjunktur Wirtschaftswachstum Volatilität Geldpolitik Inflationserwartung Vereinigte Staaten Grossbritannien EU-Staaten Japan |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | There is no consensus about the causes of the reduction in business cycle volatility seen in many major economies over the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic stability has been fostered by improved monetary policy and by associated changes in the behaviour of inflation, which has itself led to a reduction in the volatility of economic shocks. Assuming an absence of cataclysmic events, our projections suggest that most major economies should continue to enjoy an unusual degree of stability. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18689 |
| Other Identifiers: | http://hdl.handle.net/10419/18689 ppn:477395384 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.