Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18689
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dc.contributor.authorMartin, Williamen_US
dc.contributor.authorRowthorn, Roberten_US
dc.date.accessioned2009-01-28T15:52:11Z-
dc.date.available2009-01-28T15:52:11Z-
dc.date.issued2004en_US
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_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working papers |x1324en_US
dc.subject.jelE3en_US
dc.subject.jelF01en_US
dc.subject.jelE52en_US
dc.subject.ddc330en_US
dc.subject.keywordgrowth volatilityen_US
dc.subject.keywordinflationen_US
dc.subject.keywordstabilisationen_US
dc.subject.keywordbusiness cyclesen_US
dc.subject.keywordUSen_US
dc.subject.keywordUKen_US
dc.subject.keywordEuro areaen_US
dc.subject.keywordJapanen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwInflationserwartungen_US
dc.subject.stwVereinigte Staatenen_US
dc.subject.stwGrossbritannienen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwJapanen_US
dc.titleWill stability last?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn477395384en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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