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Have economic fluctuations been dampened?:A look at evidence outside the United States

Authors
Journal
Journal of Monetary Economics
0304-3932
Publisher
Elsevier
Publication Date
Volume
21
Issue
1
Identifiers
DOI: 10.1016/0304-3932(88)90046-3
Disciplines
  • Economics

Abstract

Abstract Until recently, economists of all beliefs took it for granted that the severity of economic fluctuations had decreased sharply following World War II. Recent work has challenged this view. This study attempts to shed light on whether there was a true reduction in the severity of economic fluctuations by examining the experience of six European countries. With one exception, these countries did not experience a substantial reduction in the severity of the business cycle.

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