Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22603
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dc.contributor.authorHeilemann, Ullrichen_US
dc.contributor.authorMünch, Heinz Josefen_US
dc.date.accessioned2009-01-29T15:03:13Z-
dc.date.available2009-01-29T15:03:13Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/22603-
dc.description.abstractThe 1990s were the most prosperous decade in U.S. economic history. The paper analysesto which extent this period fits into preceding cyclical experience. This is done byclassifying the period 1991-12 to 2000-12 with the help of a 4-phase classificationscheme based on multivariate discriminance analysis. It is shown that in relation to thepost 1970 experience, the ?fabulous decade? saw considerable shifts of influence betweenthe 19 classifying variables. Most noteworthy are the much reduced influence ofM2, Net Exports, and Unemployment on the one side and the increase of Real GNP, inflation,Government Expenditure and of Unit Labor Cost on the other side. This confirmsinterpretations of the fabulous decade as the result of a forbearing monetary policy madepossible by a deficit targeting fiscal policy, low inflation and a productivity jump. However,the era looses some of its uniqueness when it is seen in the entire post WW II cycle history.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aTechnical Report / Universität Dortmund, SFB 475 Komplexitätsreduktion in Multivariaten Datenstrukturen |x2005,12en_US
dc.subject.jelO51en_US
dc.subject.jelE29en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordU.S. business cycleen_US
dc.subject.keyword4-phase schemeen_US
dc.subject.keyworddiscriminance analysisen_US
dc.subject.keywordClinton eraen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwKonjunkturpolitiken_US
dc.subject.stwDiskriminanzanalyseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwVereinigte Staatenen_US
dc.titleThe Clinton era and the U.S. business cycle : what did change?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn484623591en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:sfb475:200512-

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