Research Discussion Paper – RDP 2001-01 The Decline in Australian Output Volatility


This paper is based upon work in Chapter 1 of my PhD thesis from MIT. I would like to thank Olivier Blanchard, Daron Acemoglu, Ricardo Caballero, Graham Voss, Jacqui Dwyer and David Gruen for valuable advice and comments. The views expressed in this paper are those of the author and should not be attributed to the Reserve Bank of Australia.