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Paperback Whatever Happened to the Great Moderation? Book

ISBN: 1530847435

ISBN13: 9781530847433

Whatever Happened to the Great Moderation?

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...

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