The great moderation in economic volatility: a view from the states

Gerald A. Carlino ()

Business Review, 2007, issue Q1, pages 11-20

Abstract: Since the middle of the 1980s, economic growth in the U.S. has become much more stable than it was in the preceding three decades, and the magnitude of the decline is substantial. What accounts for the decline in volatility, and why is the decline important for policymakers? In “The Great Moderation in Economic Volatility: A View from the States,” Jerry Carlino discusses these questions and makes the case that using state-level rather than just national data offers a much larger testing ground for analyzing the decline in economic volatility.

Keywords: Economic; stabilization (search for similar items in EconPapers)
Date: 2007
View citations in EconPapers

Downloads: (external link)
http://www.philadelphiafed.org/research-and-data/p ... nomic-volatility.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fip:fedpbr:y:2007:i:q1:p:11-20

Ordering information: This journal article can be ordered from
http://www.phil.frb. ... airs/pubs/index.html

Access Statistics for this article

More articles in Business Review from Federal Reserve Bank of Philadelphia
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().