大平穏期の復活？ - himaginary’s diary

「Is the Great Moderation back?」と題したブログエントリでAntonio Fatásが以下の図を示している。 The data speaks for itself. There is a marked reduction in volatility in the mid-80s that persisted all the way to 2007. Then the increase in volatility is evident, due to the crisis. But in recent years we have seen volatility fall to its lowest levels. This is the result of a a very stable GDP growth and the fact that we are in