Are Output Fluctuations Transitory?
نویسندگان
چکیده
منابع مشابه
Are Output Fluctuations Transitory?
According to the conventional view of the business cycle, fluctuations in output represent temporary deviations from trend. The purpose of this paper is to question this conventional view. If fluctuations in output are dominated by temporary deviations from the natural rate of output, then an unexpected change in output today should not substantially change one's forecast of output in, say, fiv...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1987
ISSN: 0033-5533
DOI: 10.2307/1884285