A decomposition of the increased stability of GDP growth
Margaret M. McConnell and
Patricia C. Mosser
Authors registered in the RePEc Author Service: Gabriel Perez Quiros
Current Issues in Economics and Finance, 1999, issue aug
Since 1984, the U.S. economy has grown at a remarkably steady pace. An analysis of this increased stability shows that every major component of GDP has exhibited smoother growth. However, two components--inventory investment and consumer spending--are responsible for the bulk of the decline in overall volatility.
Keywords: Inventories; Capital investments; Consumption (Economics); Gross domestic product (search for similar items in EconPapers)
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