Dallas Fed: Sources of GDP, Employment Volatility Have Shifted, but 'Great Moderation' Endures
U.S. Newswire, September, 2007
To: BUSINESS EDITORS
Contact: James Hoard of Federal Reserve Bank of Dallas, 1-214- 922-5307, james.hoard@dal.frb.org
DALLAS, Sept. 27 /PRNewswire/ -- The "Great Moderation" in economic volatility has continued into the new millennium, according to the September issue of the Federal Reserve Bank of Dallas' Economic Letter.
The September Economic Letter can be found at
http://dallasfed.org/research/eclett/2007/el0709.html
In "The 'Great Moderation' in Output and Employment Volatility: An Update," vice president and senior policy advisor Evan F. Koenig and economic analyst Nicole Ball find that the improved economic stability that began in the mid-1980s has continued into the new millennium.
In the case of GDP growth, the Great Moderation has...
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