What accounts for the postwar decline in economic volatility?

Keith Sill ()

Business Review, 2004, issue Q1, pages 23-31

Abstract: Finally, we look at the broader picture to determine why the U.S. economy has had fewer and shorter recessions over the past 20 years. Over time, swings in the growth of many macroeconomic variables, such as gross domestic product, have become smaller. Why this decline in economic volatility? In "What Accounts for the Postwar Decline in Economic Volatility?" Keith Sill highlights some of the facts about the increased stability of the U.S. economy and assesses the contribution of policy and other factors to the decline in volatility.

Keywords: Recessions (search for similar items in EconPapers)
Date: 2004
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