TITLE

ON THE CAUSES OF THE INCREASED STABILITY OF THE U.S. ECONOMY

AUTHOR(S)
Kahn, James A.; McConnell, Margaret M.; Perez-Quiros, Gabriel
PUB. DATE
May 2002
SOURCE
Economic Policy Review (19320426);May2002, Vol. 8 Issue 1, p183
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Argues that changes in inventory behavior stemming from improvements in information technology have played a direct role in reducing real output volatility in the U.S. Overview of the volatility of the U.S. macroeconomy over the postwar period 1952-1953 to 2000-2002; Implications of better technology and increased anti-inflationary monetary policy using a model of the macroeconomy; Selection of parameters in applying the model.
ACCESSION #
6809504

 

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