Results 11 to 20 of about 172,325 (255)
The Great Moderation in Historical Perspective. Is it that Great? [PDF]
SSRN Electronic Journal, 2015 The Great Moderation (GM) is widely documented in the literature as one of the most important changes in the US business cycle. All the papers that analyze it use post WWII data. In this paper, for the first time we place the GM in a long historical perspective, stretching back a century and a half, which includes secular changes in the economic ...
María Dolores Gadea +2 more
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Great Volatility and Great Moderation [PDF]
SSRN Electronic Journal, 2018 We investigate the sources of the great changes in GDP volatility observed from 1966 to 2000. We develop a general equilibrium model and calibrate it to US data in order to characterize the contribution of micro level productivity shocks, inter-sectoral linkages and households' behavior to aggregate volatility. Our results show that changes in sectoral
Grazzini, Jakob, Massaro, Domenico
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Financial fragility in the Great Moderation [PDF]
Journal of Banking & Finance, 2014 A nascent literature explores the measurement of financial fragility. This paper considers evidence for rising financial fragility during the 1984-2007 Great Moderation in the U.S. The literature suggests that macroeconomic stability combined with strong growth of credit to asset markets, in asset prices and in credit relative to output are all ...
Bezemer, Dirk, Grydaki, Maria
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A Variational Beam Model for Failure of Cellular and Truss‐Based Architected Materials
Advanced Engineering Materials, EarlyView., 2023 Herein, a versatile and efficient beam modeling framework is developed to predict the nonlinear response and failure of cellular, truss‐based, and woven architected materials. It enables the exploration of their design space and the optimization of their mechanical behavior in the nonlinear regime. A variational formulation of a beam model is presented
Konstantinos Karapiperis +3 more
wiley +1 more source
Durable Goods Inventories and the Great Moderation [PDF]
SSRN Electronic Journal, 2008 This paper revisits the hypothesis that changes in inventory management were an important contributor to volatility reductions during the Great Moderation. It documents how changes in inventory behavior contributed to the stabilization of the U.S. economy within the durable goods sector, in particular, and develops a model of inventory behavior that is
James A. Kahn, James A. Kahn
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The Two Greatest. Great Recession vs. Great Moderation [PDF]
SSRN Electronic Journal, 2014 Many have argued that the Great Recession of 2008 marked the end of the Great Moderation of the eighties and nineties. Through painstaking empirical analysis of the data, this paper shows this is not the case. Output volatility remains subdued despite the turmoil created by the Great Recession.
María Dolores Gadea-Rivas +2 more
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Revisiting the Great Moderation: Policy or Luck? [PDF]
Open Economies Review, 2014 We investigate the relative roles of monetary policy and shocks in causing the Great Moderation, using indirect inference where a DSGE model is tested for its ability to mimic a VAR describing the data. A New Keynesian model with a Taylor Rule and one with the Optimal Timeless Rule are both tested.
Zhirong Ou +5 more
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The “Great Moderation” in the United Kingdom [PDF]
Journal of Money, Credit and Banking, 2007 We use a Bayesian time‐varying parameters structural VAR with stochastic volatility for GDP deflator inflation, real GDP growth, a 3‐month nominal rate, and the rate of growth of M4 to investigate the underlying causes of the Great Moderation in the United Kingdom.
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The Great Moderation and the Financial Cycle
SSRN Electronic Journal, 2022 We show that the defining features of the Great Moderation were a shift from output volatility to mediumterm fluctuations and a shift in the origin of those fluctuations from the real to the financial sector. We discover a Granger-causal relationship by which financial cycles attenuate short-term business cycle fluctuations while they amplify longer ...
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Monetary Policy after the Great Moderation [PDF]
Journal of Central Banking Theory and Practice, 2020 Abstract The interferences among some financial, economic and monetary variables are checked as an indicator of economic performance in the long run and for the monetary policy applied between the Great Moderation (GM) of 1987-2001 and the Global Financial Crisis of 2007-2009.
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