The Analysis of the Great Moderation in France

• Main Authors: Pin-Chin Tsai, 蔡品慶
• Other Authors: Yung-hsiang Ying
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/27429459264693134927

碩士 === 國立中山大學 === 經濟學研究所 === 100 === The Great Moderation means the reduction in the volatility of aggregate economic activity and here we use GDP growth rate to stand for economic activity. In this paper, we apply a Markov switching model to estimate the timing of the Great Moderation in France. Subsequently, by using a Time-varying structural vector autoregression model to determine which are the main variables that cause the reduction of French GDP growth rate and to see the relationship of these variables we choose.