Why Has the Economy Become Less Volatile?

Labonte, Marc

Library of Congress. Congressional Research Service.

关键词: Economic policy;    Business cycles;    Economic stabilization;   

RP-ID  :  RL33959
RP-ID  :  RL33959_2007Apr11

美国|英语

来源: UNT Digital Library

【 摘 要 】

The 2001 recession was unusually mild and brief by historical standards. At 120 months, the expansion that preceded it had been the longest in U.S. history. Is this a coincidence? A body of research concludes that it is not. This report discusses several theories for what caused this phenomenon.