• Inventory Mistakes and the Great Moderation 

      Singh, Aarti; Morley, James
      Published 2009-11-01
      Why did the volatility of U.S. real GDP decline by more than the volatility of final sales with the Great Moderation in the mid-1980s? One possible explanation is that firms shifted their inventory behaviour towards a ...
      Open Access
      Working Paper
    • Learning and the Great Moderation 

      Singh, Aarti; Bullard, James
      Published 2009-02-01
      We study a stylized theory of the volatility reduction in the U.S. after 1984—the Great Moderation—which attributes part of the stabilization to less volatile shocks and another part to more difficult inference on the part ...
      Open Access
      Working Paper
    • Garnaut – The Economic Underpinnings 

      White, Graham
      Published 2009-11-01
      Open Access
      Working Paper
    • Demand-led growth with debt constraints 

      White, Graham
      Published 2008-12-01
      The paper explores the implications of different autonomous demands, with differing rates of growth, in a demand-led growth model where policy makers are concerned about the ratios of public sector debt to income and ...
      Open Access
      Working Paper
    • DEMAND-LED GROWTH IN A MULTI-COMMODITY MODEL WITH LEARNING: SOME PRELIMINARY RESULTS 

      White, Graham
      Published 2010-10-01
      The paper represents a preliminary attempt to shed light on the following question: in the context of demand-led growth, how does learning by agents about the economic system’s structure and the determinants of long-run ...
      Open Access
      Working Paper