Publications
Publications
- January 2009 (Revised January 2011)
- HBS Case Collection
The Great Moderation, Dead or Alive?
By: Diego A. Comin
Abstract
The Great Moderation is a significant decline in the volatility of fluctuations in most macroeconomic variables that the United States and other developed and developing economies have experienced at least since the mid-1980s. This case describes the basic facts, presents contending explanations, and explores the consequences of the Great Moderation for the likely amplitude of future business cycles.
Keywords
Citation
Comin, Diego A. "The Great Moderation, Dead or Alive?" Harvard Business School Background Note 709-023, January 2009. (Revised January 2011.)