The Great Moderation is a significant reduction in volatility fluctuations in most macroeconomic variables, the United States and other developed and developing countries have experienced at least since the mid-1980s. This case describes the basic facts, claiming provide an explanation and explores the consequences of the Great Moderation for the entire range of future business cycles. "Hide
Diego Comin to 16 pages. Publication Date: 06 January 2009. Prod. #: 709023-PDF-ENG