Will stability last?

dc.creator	Martin, William
dc.creator	Rowthorn, Robert
dc.date	2004
dc.date.accessioned	2013-10-16T07:00:52Z
dc.date.available	2013-10-16T07:00:52Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/18689
dc.identifier	ppn:477395384
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18689
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.publisher
dc.relation	CESifo working papers 1324
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
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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