Whatever Happened to the Great Moderation?

by Council of Economic Advisers

In the late 1990s, economists began a debate over what was termed the "Great Moderation," which refers to the reduction in the volatility of a wide range of economic variables, and to the associated increase in the longevity of economic expansions and reduction in the frequency and severity of economic contractions. The debate was not over whether or not there was a Great Moderation-on the heels of the longest economic expansion in American history...

• Format: Paperback
• Language: English
• ISBN: 1530847435
• ISBN13: 9781530847433
• Release Date: April 2016
• Publisher: Createspace Independent Publishing Platform
• Length: 24 Pages
• Weight: 0.18 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"