Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153299
Authors: 
Giannone, Domenico
Lenza, Michele
Reichlin, Lucrezia
Year of Publication: 
2008
Series/Report no.: 
ECB Working Paper 865
Abstract: 
This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the decline in the volatility of exogenous shocks but rather a change in their propagation mechanism.
Subjects: 
Great Moderation
Information
shocks
JEL: 
E32
E37
C32
C53
Document Type: 
Working Paper

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