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- W1922161509 abstract "In the first age of rapid economic growth after 1945, fluctuations in western European output and employment were so mild that the very notion of a “cycle” was transformed or even seemed obsolete. A second period of much slower average economic growth was marked by large and frequent oscillations, associated with the “oil shocks” and the Great Inflation of the 1970s and early 1980s. A third phase, characterized by smooth and modest swings in output and inflation which lasted until 2007, has been dubbed the “Great Moderation,” reflecting the gradual reduction of inflationary trends." @default.
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- W1922161509 date "2010-10-04" @default.
- W1922161509 modified "2023-10-18" @default.
- W1922161509 title "Business cycles and economic policy, 1945–2007" @default.
- W1922161509 doi "https://doi.org/10.1017/cbo9780511794841.016" @default.
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