@techreport{Martin2004Will,
abstract = {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.},
author = {William Martin and Robert Rowthorn},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E3; F01; E52; 330; growth volatility; inflation; stabilisation; business cycles; US; UK; Euro area; Japan; Konjunktur; Wirtschaftswachstum; Volatilit\"{a}t; Geldpolitik; Inflationserwartung; Vereinigte Staaten; Grossbritannien; EU-Staaten; Japan},
language = {eng},
number = {1324},
title = {Will stability last?},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18689},
year = {2004}
}
