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A Decomposition of the Increased Stability of GDP Growth, Volume 5, Issue 13

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A Decomposition of the Increased Stability of GDP Growth, Volume 5, Issue 13

DATE: November 1999

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ABSTRACT: Since 1984, the U.S. 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 overall volatility.

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Federal Reserve Bank of New York. Research and Statistics Group. "A Decomposition of the Increased Stability of GDP Growth, Volume 5, Issue 13," Current Issues in Economics and Finance (November 1999). https://fraser.stlouisfed.org/title/6879/item/627913, accessed on March 28, 2023.

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