Output composition and the US output volatility decline

被引：7

作者：

Alcalá, F ^{[1
]}

Sancho, I ^{[1
]}

机构：

[1] Univ Murcia, Fac Econ & Empresa, Murcia, Spain

来源：

ECONOMICS LETTERS | 2004年 / 82卷 / 01期

关键词：

volatility; business fluctuations;

D O I：

10.1016/j.econlet.2003.07.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We argue that the role played by output composition changes on the decline in US output volatility has been incorrectly assessed in recent literature. We obtain that shifts across broad sectors in the economy account for about 30% of the volatility decline since the 1950s. (C) 2003 Elsevier B.V All rights reserved.

引用

页码：115 / 120

页数：6

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