کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5098838 | 1376962 | 2011 | 18 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
High-growth recoveries, inventories and the Great Moderation
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: High-growth recoveries, inventories and the Great Moderation High-growth recoveries, inventories and the Great Moderation](/preview/png/5098838.png)
چکیده انگلیسی
We present evidence about the disappearance of the high-growth recoveries from recessions with intense job creation typically observed until the eighties. This result matches the belief that recessions now have an L-shape as opposed to the old-time recessions that always had a V-shape. We also show how this change in business cycle dynamics can explain part of the Great Moderation. We postulate that these two phenomena may be due to changes in inventory management brought about by improvements in information and communications technologies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 35, Issue 8, August 2011, Pages 1322-1339
Journal: Journal of Economic Dynamics and Control - Volume 35, Issue 8, August 2011, Pages 1322-1339
نویسندگان
Maximo Camacho, Gabriel Perez Quiros, Hugo Rodriguez Mendizabal,