Have economic fluctuations been dampened? New empirical evidence from Italy

Giuseppe Schlitzer

Open Economies Review, 1995, vol. 6, issue 4, 387-397

Abstract: Using new series of aggregate and disaggregate output, this paper examines the historical pattern of volatility of economic fluctuations in Italy. Results evidence a higher stability in the postwar era, with respect to both the prewar and the interwar periods. Evidence is provided that the higher degree of stabilization of the Italian business cycle cannot be entirely attributed to the shift in the composition of aggregate output from more to less cyclical sectors. It is shown, however, that although the sign of the change in volatility is invariant to the filter adopted for the decomposition into trend and cycle, this is not true for both its size and statistical significance. Copyright Kluwer Academic Publishers 1995

Keywords: business fluctuations; volatility (search for similar items in EconPapers)
Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1007/BF01000389 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:openec:v:6:y:1995:i:4:p:387-397

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11079/PS2

DOI: 10.1007/BF01000389

Access Statistics for this article

Open Economies Review is currently edited by G.S. Tavlas

More articles in Open Economies Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().