A decomposition of the increased stability of GDP growth

Since 1984, the US economy has grown at a remarkably steady pace. An analysis of this increased stability shows that every major component of GDP has exhibited smoother growth. However, two components - inventory investment and consumer spending - are responsible for the bulk of the decline in overa...

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Veröffentlicht in:Current issues in economics and finance 1999-09, Vol.5 (13), p.1
Hauptverfasser: McConnell, Margaret M, Mosser, Patricia C, Gabriel Perez Quiros
Format: Artikel
Sprache:eng
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