This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
A decomposition of the increased stability of GDP growth Author info | Abstract | Publisher info | Download info | Related research | Statistics Margaret M. McConnell
Patricia C. Mosser
Gabriel Perez Quiros
Additional information is available for the following
registered author(s):
Since 1984, the U.S. economy has grown at a remarkably steady pace. An analysis of this increased stability shows that every major component of GDP has exhibited smoother growth. However, two components--inventory investment and consumer spending--are responsible for the bulk of the decline in overall volatility.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance .
Volume (Year): (1999)
Issue (Month): Aug ()
Pages:
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:fip:fednci:y:1999:i:aug:n:v.5no.13Contact details of provider: Postal: 33 Liberty Street, New York, NY 10045-0001 Email: Web page: http://www.newyorkfed.org/ More information through EDIRC
Order Information: Email:
For technical questions regarding this item, or to correct its listing, contact: (Diane Rosenberger).
Keywords: Gross domestic product ; Capital investments ; Inventories ; Consumption (Economics) ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: John Ryding, 1990.
"Housing finance and the transmission of monetary policy ,"
Quarterly Review ,
Federal Reserve Bank of New York, issue Sum, pages 42-55.
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
M Sensier & D van Dijk, 2003.
"Testing for Volatility Changes in US Macroeconomic Time Series ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
36, Economics, The Univeristy of Manchester.
[Downloadable!]
Other versions: Owen Irvine & Scott Schuh, 2002.
"Inventory investment and output volatility ,"
Working Papers
02-6, Federal Reserve Bank of Boston.
[Downloadable!]
Laurent Bilke, 2005.
"Break in the mean and persistence of inflation - a sectoral analysis of French CPI ,"
Working Paper Series
463, European Central Bank.
[Downloadable!]
Temple, Jonathan, 2002.
"An Assessment of the New Economy ,"
CEPR Discussion Papers
3597, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions: Stephen G Cecchetti & Alfonso Flores-Lagunes & Stefan Krause, 2005.
"Assessing the Sources of Changes in the Volatility of Real Growth ,"
RBA Annual Conference Volume ,
in: Christopher Kent & David Norman (ed.), The Changing Nature of the Business Cycle
Reserve Bank of Australia.
[Downloadable!]
Other versions: D.J. van Dijk & D.R. Osborn & M. Sensier, 2002.
"Changes in variability of the business cycle in the G7 countries ,"
Econometric Institute Report
282, Erasmus University Rotterdam, Econometric Institute.
[Downloadable!]
Other versions:
D van Dijk & D R Osborn & M Sensier, 2002.
"Changes in Variability of the Business Cycle in the G7 Countries ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
16, Economics, The Univeristy of Manchester.
[Downloadable!] D van Dijk & D R Osborn & M Sensier, 2002.
"Changes in variability of the business cycle in the G7 countries ,"
The School of Economics Discussion Paper Series
0204, Economics, The University of Manchester.
[Downloadable!] Dijk, D.J.C. van & Osborn, D.R. & Sensier, M., 2002.
"Changes in variability of the business cycle in the G7 countries ,"
Econometric Institute Report
EI 2002-28 Revision_Date:, Erasmus University Rotterdam, Econometric Institute.
[Downloadable!] Adam Fein, 2004.
"The Myth of Decline: A New Perspective on the Supply Chain and Changing Inventory-Sales Ratios ,"
Working Papers
04-18, Center for Economic Studies, U.S. Census Bureau, revised Feb 2005.
[Downloadable!]
Christopher Kent & Kylie Smith & James Holloway, 2005.
"Declining Output Volatility: What Role for Structural Change? ,"
RBA Research Discussion Papers
rdp2005-08, Reserve Bank of Australia.
[Downloadable!]
M. Sensier & D. Van Dijk, 2001.
"Short-term volatility versus long-term growth ,"
Econometric Institute Report
219, Erasmus University Rotterdam, Econometric Institute.
[Downloadable!]
Christopher Kent & Kylie Smith & James Holloway, 2005.
"Declining Output Volatility: What Role for Structural Change? ,"
RBA Annual Conference Volume ,
in: Christopher Kent & David Norman (ed.), The Changing Nature of the Business Cycle
Reserve Bank of Australia.
[Downloadable!]
Kevin J. Stiroh, 2006.
"Volatility accounting: a production perspective on increased economic stability ,"
Staff Reports
245, Federal Reserve Bank of New York.
[Downloadable!]
Balázs Égert & Rebeca Jiménez-Rodríguez & Evžen Kočenda & Amalia Morales-Zumaquero, 2006.
"Structural changes in Central and Eastern European economies: breaking news or breaking the ice? ,"
Economic Change and Restructuring ,
Springer, vol. 39(1), pages 85-103, June.
[Downloadable!] (restricted)
Ana Maria Herrero & Elena Pesavento, 2003.
"The Decline In US Output Volatility: Structural Changes in Inventories or Sales? ,"
Emory Economics
0301, Department of Economics, Emory University (Atlanta).
[Downloadable!]
Jonathan McCarthy & Egon Zakrajsek, 2003.
"Inventory dynamics and business cycles: what has changed? ,"
Finance and Economics Discussion Series
2003-26, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions:
Jonathan McCarthy & Egon Zakrajsek, 2002.
"Inventory dynamics and business cycles: what has changed? ,"
Staff Reports
156, Federal Reserve Bank of New York.
[Downloadable!] JONATHAN McCARTHY & EGON ZAKRAJSEK, 2007.
"Inventory Dynamics and Business Cycles: What Has Changed? ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 39(2-3), pages 591-613, 03.
[Downloadable!] (restricted) M Sensier & D van Dijk, 2001.
"Short-term Volatility versus Long-term Growth: Evidence in US Macroeconomic Time Series ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
08, Economics, The Univeristy of Manchester.
[Downloadable!]
Other versions: F. Owen Irvine & Scott Schuh, 2005.
"The roles of comovement and inventory investment in the reduction of output volatility ,"
Working Papers
05-9, Federal Reserve Bank of Boston.
[Downloadable!]
Zohrabyan, Tatevik & Leatham, David & Bessler, David, 2008.
"Cointegration Analysis of Regional House Prices in U.S ,"
Proceedings: 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri
48138, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
[Downloadable!]
Shaghil Ahmed & Andrew Levin & Beth Anne Wilson, 2002.
"Recent U.S. macroeconomic stability: good policies, good practices or good luck? ,"
International Finance Discussion Papers
730, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions: M. Ayhan Kose & Eswar Prasad & Marco Terrones, 2003.
"Volatility and Comovement in a Globalized World Economy: An Empirical Exploration ,"
IMF Working Papers
03/246, International Monetary Fund.
[Downloadable!]
Jesse Edgerton & Andrew F. Haughwout & Rae Rosen, 2004.
"Revenue implications of New York City's tax system ,"
Current Issues in Economics and Finance ,
Federal Reserve Bank of New York, issue Apr.
[Downloadable!]
Robert A Buckle & David Haugh & Peter Thomson, 2001.
"Calm after the Storm?: Supply-side contributions to New Zealand’s GDP volatility decline ,"
Treasury Working Paper Series
01/33, New Zealand Treasury.
[Downloadable!]
Access and
download statistics Did you know? You can import bibliographic info in various formats into you bibliographic tool, or just into your word processor. See under "publisher info" on each abstract page.
This page was last updated on 2009-11-27.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .