Structural change and output volatility reduction in OECD countries: evidence of the Second Great Moderation

Structural change and output volatility reduction in OECD countries: evidence of the Second Great Moderation

Abstract In this article, we provide new, novel evidence for a more recent structural break (in 2010) indicating a greater moderation of output volatility compared to the well-known break during the mid-1980s. The period of analysis runs from 1962Q2 to 2018Q3. It covers 26 OECD countries. In terms o...

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Bibliographic Details
Main Author: Hasan Engin Duran
Format: Article
Language:English
Published: SpringerOpen 2019-11-01
Series:Journal of Economic Structures
Subjects:
Great Moderation
Structural breaks
Volatility
Online Access:http://link.springer.com/article/10.1186/s40008-019-0171-1

Internet

http://link.springer.com/article/10.1186/s40008-019-0171-1

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