Reply To: Great Moderation

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#17192
jmherbener
Moderator

I, too, disagree with the analyses given by Summers and Bernanke. The links to their articles were to provide background about what the Great Moderation was. Unfortunately, there isn’t much literature on the Great Moderation from Austrians. Joe Salerno made a few comments in his Congressional testimony. But they are disputing the claim that the GM was moderate.

http://financialservices.house.gov/media/pdf/031711salerno.pdf