Skip to content
Licensed Unlicensed Requires Authentication Published by De Gruyter November 30, 2019

Business Cycle Volatility in Germany

Claudia M. Buch, Christian Pierdzioch and Joerg Doepke
From the journal German Economic Review

Abstract

Stylized facts suggest that output volatility in OECD countries has declined in recent years. The causes and the nature of this decline have so far been analyzed mainly for the United States. In this paper, we analyze whether structural changes in output volatility in Germany can be detected. We report evidence that output volatility has declined in Germany. It is difficult to answer the question whether this decline in output volatility reflects good economic and monetary policy or merely ‘good luck’.

Published Online: 2019-11-30
Published in Print: 2004-12-01

© 2019 by Walter de Gruyter Berlin/Boston