Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18689 
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dc.contributor.authorMartin, Williamen
dc.contributor.authorRowthorn, Roberten
dc.date.accessioned2009-01-28T15:52:11Z-
dc.date.available2009-01-28T15:52:11Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/18689-
dc.description.abstractThere is no consensus about the causes of the reduction in business cycle volatility seen inmany major economies over the last decade. Using stylised models of the economies of theUS, Euro area, UK and Japan, we argue that economic stability has been fostered byimproved monetary policy and by associated changes in the behaviour of inflation, which hasitself led to a reduction in the volatility of economic shocks. Assuming an absence ofcataclysmic events, our projections suggest that most major economies should continue toenjoy an unusual degree of stability.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1324en
dc.subject.jelE3en
dc.subject.jelF01en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.keywordgrowth volatilityen
dc.subject.keywordinflationen
dc.subject.keywordstabilisationen
dc.subject.keywordbusiness cyclesen
dc.subject.keywordUSen
dc.subject.keywordUKen
dc.subject.keywordEuro areaen
dc.subject.keywordJapanen
dc.subject.stwKonjunkturen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwVolatilitäten
dc.subject.stwGeldpolitiken
dc.subject.stwInflationserwartungen
dc.subject.stwVereinigte Staatenen
dc.subject.stwGrossbritannienen
dc.subject.stwEU-Staatenen
dc.subject.stwJapanen
dc.titleWill stability last?-
dc.typeWorking Paperen
dc.identifier.ppn477395384en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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