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dc.creator Martin, William
dc.creator Rowthorn, Robert 2004 2013-10-16T07:00:52Z 2013-10-16T07:00:52Z 2013-10-16
dc.identifier ppn:477395384
dc.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.
dc.language eng
dc.relation CESifo working papers 1324
dc.subject E3
dc.subject F01
dc.subject E52
dc.subject ddc:330
dc.subject growth volatility
dc.subject inflation
dc.subject stabilisation
dc.subject business cycles
dc.subject US
dc.subject UK
dc.subject Euro area
dc.subject Japan
dc.subject Konjunktur
dc.subject Wirtschaftswachstum
dc.subject Volatilität
dc.subject Geldpolitik
dc.subject Inflationserwartung
dc.subject Vereinigte Staaten
dc.subject Grossbritannien
dc.subject EU-Staaten
dc.subject Japan
dc.title Will stability last?
dc.type doc-type:workingPaper

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