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Sources of the Great Moderation: Shocks, Frictions, or Monetary Policy?

  • Zheng Liu

    (Federal Reserve Bank of San Francisco)

less nominal rigidities than those suggested in the literature.

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Paper provided by Society for Economic Dynamics in its series 2009 Meeting Papers with number 379.

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Date of creation: 2009
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Handle: RePEc:red:sed009:379
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Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

Web page: http://www.EconomicDynamics.org/
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