메뉴 건너뛰기




Volumn 38, Issue 6, 2008, Pages 578-589

A state-level analysis of the great moderation

Author keywords

State business cycles; Volatility reduction

Indexed keywords

BUSINESS CYCLE; ECONOMIC ANALYSIS; FINANCIAL CRISIS; GREAT DEPRESSION; HETEROGENEITY; MACROECONOMICS; STATE-BUSINESS RELATIONS;

EID: 56449122452     PISSN: 01660462     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.regsciurbeco.2008.05.013     Document Type: Article
Times cited : (32)

References (29)
  • 1
    • 4444345848 scopus 로고    scopus 로고
    • Recent U.S. macroeconomic stability: Good policies, good practices, or good luck?
    • August
    • Ahmed, Shaghil, Levin, Andrew, Wilson, Beth Anne, 2004. Recent U.S. macroeconomic stability: Good policies, good practices, or good luck? Review of Economics and Statistics 86 (3), 824-832 (August).
    • (2004) Review of Economics and Statistics , vol.86 , Issue.3 , pp. 824-832
    • Ahmed, S.1    Levin, A.2    Wilson, B.A.3
  • 3
    • 85030589729 scopus 로고    scopus 로고
    • Be rnanke, Ben S., Blinder, Alan S., 1988. Credit, money, and aggregate demand. American Economic Review: AEA Papers and Proceedings, 78(2), pp. 435-439. May.
    • Be rnanke, Ben S., Blinder, Alan S., 1988. Credit, money, and aggregate demand. American Economic Review: AEA Papers and Proceedings, 78(2), pp. 435-439. May.
  • 4
  • 5
    • 33749670888 scopus 로고    scopus 로고
    • Has monetary policy become more effective?
    • August
    • Boivin, Jean, Giannoni, Marc P., 2006. Has monetary policy become more effective? Review of Economics and Statistics 88 (3), 445-462 (August).
    • (2006) Review of Economics and Statistics , vol.88 , Issue.3 , pp. 445-462
    • Boivin, J.1    Giannoni, M.P.2
  • 6
    • 0001611076 scopus 로고
    • Hierarchical Bayesian analysis of changepoint problems
    • Carlin, Bradley P., Gelfand, Alan E., Smith, Adrian F.M., 1992. Hierarchical Bayesian analysis of changepoint problems. Applied Statistics 41 (2), 389-405.
    • (1992) Applied Statistics , vol.41 , Issue.2 , pp. 389-405
    • Carlin, B.P.1    Gelfand, A.E.2    Smith, A.F.M.3
  • 7
    • 0032276690 scopus 로고    scopus 로고
    • The differential regional effects of monetary policy
    • November
    • Carlino, Gerald, DeFina, Robert, 1998. The differential regional effects of monetary policy. Review of Economics and Statistics 80 (4), 572-587 (November).
    • (1998) Review of Economics and Statistics , vol.80 , Issue.4 , pp. 572-587
    • Carlino, G.1    DeFina, R.2
  • 8
    • 85030579758 scopus 로고    scopus 로고
    • Carlino, Gerald, DeFina, Robert, Sill, Keith, 2005. On the stability of employment growth: A post-war view from the U.S. states. Working Paper 04-21/R. Federal Reserve Bank of Philadelphia. June.
    • Carlino, Gerald, DeFina, Robert, Sill, Keith, 2005. On the stability of employment growth: A post-war view from the U.S. states. Working Paper 04-21/R. Federal Reserve Bank of Philadelphia. June.
  • 10
    • 0002451697 scopus 로고
    • Distinguishing theories of the monetary transmission mechanism
    • May-June
    • Cecchetti, Stephen G., 1995. Distinguishing theories of the monetary transmission mechanism. Federal Reserve Bank of St. Louis Review 77 (3), 83-97 (May-June).
    • (1995) Federal Reserve Bank of St. Louis Review , vol.77 , Issue.3 , pp. 83-97
    • Cecchetti, S.G.1
  • 11
    • 0037784725 scopus 로고    scopus 로고
    • Recent Changes in the U.S. Business Cycle, 69(5)
    • Chauvet, Marcelle, Potter, Simon, 2001. Recent Changes in the U.S. Business Cycle, 69(5). Manchester School, pp. 481-508.
    • (2001) Manchester School , pp. 481-508
    • Chauvet, M.1    Potter, S.2
  • 12
    • 31344441352 scopus 로고    scopus 로고
    • Can financial innovation help to explain the reduced volatility of economic activity?
    • January
    • Dynan, Karen E., Elmendorf, Douglas W., Sichel, Daniel E., 2006. Can financial innovation help to explain the reduced volatility of economic activity? Journal of Monetary Economics 53 (1), 123-150 (January).
    • (2006) Journal of Monetary Economics , vol.53 , Issue.1 , pp. 123-150
    • Dynan, K.E.1    Elmendorf, D.W.2    Sichel, D.E.3
  • 13
    • 84950453304 scopus 로고
    • Sampling-based approaches to calculating marginal densities
    • June
    • Gelfand, Alan E., Smith, Adrian F.M., 1990. Sampling-based approaches to calculating marginal densities. Journal of the American Statistical Association 85 (410), 398-409 (June).
    • (1990) Journal of the American Statistical Association , vol.85 , Issue.410 , pp. 398-409
    • Gelfand, A.E.1    Smith, A.F.M.2
  • 14
    • 0001342006 scopus 로고
    • A new approach to the economic analysis of nonstationary time series and the business cycle
    • March
    • Hamilton, James D., 1989. A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica 57 (2), 357-384 (March).
    • (1989) Econometrica , vol.57 , Issue.2 , pp. 357-384
    • Hamilton, J.D.1
  • 15
    • 0036208897 scopus 로고    scopus 로고
    • Dissecting the cycle: A methodological investigation
    • March
    • Harding, Don, Pagan, Adrian, 2002. Dissecting the cycle: A methodological investigation. Journal of Monetary Economics 49 (2), 365-381 (March).
    • (2002) Journal of Monetary Economics , vol.49 , Issue.2 , pp. 365-381
    • Harding, D.1    Pagan, A.2
  • 16
    • 27544486270 scopus 로고    scopus 로고
    • The decline in U.S. output volatility: Structural changes and inventory investment
    • October
    • Herrera, Ana Maria, Pesavento, Elena, 2005. The decline in U.S. output volatility: Structural changes and inventory investment. Journal of Business and Economic Statistics 23 (4), 462-472 (October).
    • (2005) Journal of Business and Economic Statistics , vol.23 , Issue.4 , pp. 462-472
    • Herrera, A.M.1    Pesavento, E.2
  • 17
    • 85030587029 scopus 로고    scopus 로고
    • The young, the old, and the restless: Demographics and business cycle volatility
    • in press, National Bureau of Economic Research working paper w14063, June
    • Jaimovich, Nir, Siu, Henry E., in press. The young, the old, and the restless: Demographics and business cycle volatility. National Bureau of Economic Research working paper w14063, (June). American Economic Review.
    • American Economic Review
    • Jaimovich, N.1    Siu, H.E.2
  • 18
    • 0003414592 scopus 로고
    • Third Edition. Oxford University Press, New York
    • Jeffreys, Harold, 1961. The Theory of Probability, Third Edition. Oxford University Press, New York.
    • (1961) The Theory of Probability
    • Jeffreys, H.1
  • 19
    • 85030580866 scopus 로고    scopus 로고
    • Kahn, James A., McConnell, Margaret M., Perez-Quiros, Gabriel, 2002. On the causes of the increased stability of the U.S. economy. Federal Reserve Bank of NewYork Economic Policy Review 8 (1), 183-202 (May).
    • Kahn, James A., McConnell, Margaret M., Perez-Quiros, Gabriel, 2002. On the causes of the increased stability of the U.S. economy. Federal Reserve Bank of NewYork Economic Policy Review 8 (1), 183-202 (May).
  • 21
    • 0000289297 scopus 로고    scopus 로고
    • What do a million observations on banks say about the transmission of monetary policy?
    • June
    • Kashyap, Anil K., Stein, Jeremy C., 2000.What do a million observations on banks say about the transmission of monetary policy? American Economic Review 90 (3), 407-428 (June).
    • (2000) American Economic Review , vol.90 , Issue.3 , pp. 407-428
    • Kashyap, A.K.1    Stein, J.C.2
  • 22
    • 35348922980 scopus 로고    scopus 로고
    • Inventories and the business cycle: An equilibrium analysis of (S, s) policies
    • September
    • Khan, Aubhik, Thomas, Julie K., 2007. Inventories and the business cycle: An equilibrium analysis of (S, s) policies. American Economic Review 97 (4), 1165-1188 (September).
    • (2007) American Economic Review , vol.97 , Issue.4 , pp. 1165-1188
    • Khan, A.1    Thomas, J.K.2
  • 23
    • 0039447737 scopus 로고    scopus 로고
    • Has the U.S. economy become more stable? A Bayesian approach based on a Markov-switching model of the business cycle
    • November
    • Kim, Chang-Jin, Nelson, Charles R., 1999a. Has the U.S. economy become more stable? A Bayesian approach based on a Markov-switching model of the business cycle. Review of Economics and Statistics 81 (4), 608-616 (November).
    • (1999) Review of Economics and Statistics , vol.81 , Issue.4 , pp. 608-616
    • Kim, C.-J.1    Nelson, C.R.2
  • 25
    • 0000118629 scopus 로고    scopus 로고
    • Output Fluctuations in the United States: What has changed since the early 1980's?
    • December
    • McConnell, Margaret M., Perez-Quiros, Gabriel, 2000. Output Fluctuations in the United States: What has changed since the early 1980's? American Economic Review 90 (5), 1464-1476 (December).
    • (2000) American Economic Review , vol.90 , Issue.5 , pp. 1464-1476
    • McConnell, M.M.1    Perez-Quiros, G.2
  • 28
    • 33846109529 scopus 로고    scopus 로고
    • Stock, James H.,Watson, MarkW., 2003. Has the business cycle changed and why? In: Gertler, Mark, Rogoff, Kenneth S. (Eds.), NBER Macroeconomics Annual 2002. MIT Press, Cambridge, pp. 159-218.
    • Stock, James H.,Watson, MarkW., 2003. Has the business cycle changed and why? In: Gertler, Mark, Rogoff, Kenneth S. (Eds.), NBER Macroeconomics Annual 2002. MIT Press, Cambridge, pp. 159-218.
  • 29
    • 0842273327 scopus 로고    scopus 로고
    • The real effects of U.S. banking deregulation
    • July-August
    • Strahan, Philip E., 2003. The real effects of U.S. banking deregulation. Federal Reserve Bank of St. Louis Review 85 (4), 111-128 (July-August).
    • (2003) Federal Reserve Bank of St. Louis Review , vol.85 , Issue.4 , pp. 111-128
    • Strahan, P.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.