Spillovers of Domestic Shocks : Will They Counteract the "Great Moderation"?

Will They Counteract the "Great Moderation"?

Spillovers of Domestic Shocks : Will They Counteract the "Great Moderation"?
Even prior to the extreme volatility just observed, output growth volatility-following protracted decline-was flattening or mildly rising in some countries. More widespread was an increasing tendency from the mid-1990s for shocks in one country to transmit rapidly to other countries, creating the potential for heightened global volatility. The READ MORE...

Publication date: March 2010
ISBN 9781451982213
$18.00

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