Can financial innovation help to explain the reduced volatility of economic activity?

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Can financial innovation help to explain the reduced volatility of economic activity?

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Dynan, Karen E.
Elmendorf, Douglas W.
Sichel, Daniel E.

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Douglas W. Elmendorf

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Article provided by Elsevier in its journal Journal of Monetary Economics.

Volume (Year): 53 (2006)
Issue (Month): 1 (January)
Pages: 123-150
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Handle: RePEc:eee:moneco:v:53:y:2006:i:1:p:123-150

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Paper
- Karen E. Dynan & Douglas W. Elmendorf & Daniel E. Sichel, 2005. "Can financial innovation help to explain the reduced volatility of economic activity?," Finance and Economics Discussion Series 2005-54, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]

References listed on IDEAS
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- Roberts, John M, 2006. "Monetary Policy and Inflation Dynamics," MPRA Paper 812, University Library of Munich, Germany. [Downloadable!]
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Diego Comin & Thomas Philippon, 2005. "The Rise in Firm-Level Volatility: Causes and Consequences," NBER Working Papers 11388, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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- Diego A. Comin & Thomas Philippon, 2006. "The Rise in Firm-Level Volatility: Causes and Consequences," NBER Chapters, in: NBER Macroeconomics Annual 2005, Volume 20, pages 167-228 National Bureau of Economic Research, Inc. [Downloadable!]
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Diego Comin & Sunil Mulani, 2004. "Diverging Trends in Macro and Micro Volatility: Facts," NBER Working Papers 10922, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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