The Effects of Expected and Unexpected Volatility on Long-Run Growth: Evidence from 18 Developed Economies.
Southern Economic Journal 2005, Jan, 71, 3
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- 2,99 €
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- 2,99 €
Publisher Description
1. Introduction Although there is disagreement about the magnitude, many economists agree that business cycles have negative consequences for welfare in the short run by causing output to deviate from potential. As a result, most policymakers regard reducing volatility as a desirable goal. However, there is disagreement about the long-run consequences of business cycles.
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