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dc.contributor.authorChen, Wenjuanen_US
dc.date.accessioned2011-09-30en_US
dc.date.accessioned2012-04-05T16:12:20Z-
dc.date.available2012-04-05T16:12:20Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/56630-
dc.description.abstractThis paper employs a Markov regime-switching approach to investigate whether the Great Moderation is over since the start of the late 2000s recession. The results confirm that the recent financial crisis did cause a simultaneous high-volatility period among the G7 countries. However, the financial crisis may not mark the end of the Great Moderation. There is strong evidence that each G7 country has again returned to the low-variance state since 2009 or the beginning of 2010.en_US
dc.language.isoengen_US
dc.publisherSFB 649, Economic Risk Berlinen_US
dc.relation.ispartofseriesSFB 649 discussion paper 2011-060en_US
dc.subject.jelE20en_US
dc.subject.jelF01en_US
dc.subject.jelG01en_US
dc.subject.jelN10en_US
dc.subject.ddc330en_US
dc.subject.keywordoutput fluctuationsen_US
dc.subject.keywordfinancial crisisen_US
dc.subject.keywordregime switchingen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwG-7-Staatenen_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwWelten_US
dc.titleOn the continuation of the great moderation: New evidence from G7 countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn669220574en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

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