The role of output composition in the stabilization of US output growth.

Ioannides, Yannis Menelaos.

Eggers, Andrew.

2004

Description
  • US output growth became much more stable over the past half-century. This paper assesses the role of changes in the composition of output — the increasing importance of stable sectors and diminishing importance of volatile sectors — in this stabilization. Our decomposition of output growth volatility by one-digit industry indicates that a bit less than half of the drop in volatility between the pr... read more
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  • Eggers, Andrew and Yannis Ioannides. 2006. "The role of output composition in the stabilization of US output growth." Journal of Macroeconomics 28(3): 585-595. doi:10.1016/j.jmacro.2004.09.007
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bz60d7860
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