English, Article, Journal or magazine article edition: The Role of Output Composition in the Stabilization of U.S. Output Growth Andrew Eggers; Yannis Ioannides

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Bookmark: http://trove.nla.gov.au/version/201458
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Role of Output Composition in the Stabilization of U.S. Output Growth
Author
  • Andrew Eggers
  • Yannis Ioannides
Physical Description
  • preprint
Notes
  • 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 pre- and post-1982 periods is accounted for by compositional shifts, most notably the decline of manufacturing.
  • Economic °uctuations, macroeconomic stabilization, deindustrialization, manufacturing
  • RePEc:tuf:tuftec:0422
Language
  • English
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