Great Moderation, RIP?
2010-01-15 · Original WordPress address
Yuriy Gorodnichenko does some of the funnest research in macroeconomics. I've seen him talk about the Finnish Great Depression (subtitle: "From Russia with Love") and his test of some theories of informational rigidity. His work is very empirically oriented, but takes theories seriously.
Today on voxeu he explores the question of whether the most recent recession implies the end of the Great Moderation. His answer: no.