Sunday, July 19, 2009

The Great Moderation: Technology and Monetary Policy

Below is a paper I wrote on the moderation in business cycle volatility experienced from the 1990s through the mid-2000s. I explore the impact of the information technology revolution and innovation in monetary policy on the behavior of prices and output. Viewed through the current lens of the 2007 recession, one potential variable that I would like to investigate is the buildup of moral hazard in the financial system. Let me know what you think or if you have comments.
Changing Business Cycle Dynamics V2.1


Alexis Ogg said...

The technology has been improving with every new day and we are sure to see the new era of revolution if we are keeping it up. It would be a great thing to for the people like us.

Paige Tucker said...

Great moderation technology has been providing all the seeds of the technology for the citizens. The adjacent use of the technology is done for the approval of the measurement and all estimation of the tings by the professors.