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Sill, Keith

Works: 2 works in 6 publications in 1 language and 12 library holdings
Classifications: HB1,
Publication Timeline
Publications about Keith Sill
Publications by Keith Sill
Most widely held works by Keith Sill
Monetary policy, oil shocks, and TFP : accounting for the decline in US volatility by Sylvain Leduc( Book )
4 editions published between 2003 and 2006 in English and held by 9 libraries worldwide
"An equilibrium model is used to assess the quantitative importance of monetary policy for the post-1984 decline in U.S. inflation and output volatility. The principal finding is that monetary policy played a substantial role in reducing inflation volatility, but a small role in reducing real output volatility. The model attributes much of the decline in real output volatility to smaller TFP shocks. We also investigate the pattern of output and inflation volatility under an optimal monetary policy counterfactual. We find that real output volatility would have been somewhat lower, and inflation volatility substantially lower, had monetary policy been set optimally"--Federal Reserve Board web site
On the stability of employment growth : a postwar view from the U.S. states by Gerald A Carlino( Book )
2 editions published in 2004 in English and held by 3 libraries worldwide
"In 1952, the average quarterly volatility of U.S. state employment growth stood at 1.5 percent. By 1995, employment growth volatility came in at just under 0.5 percent. While all states shared in the decline, some states declined much more dramatically than others. We analyze aspects of this decline using new data covering industry employment by state during the postwar period. Estimates from a pooled cross-section/time-series model corrected for spatial dependence indicate that fluctuations in state-specific and aggregate variables have both played an important role in explaining volatility trends. However, state-level differences in responses to aggregate shocks account for less of the postwar fluctuations in employment growth volatility than do state-specific forces"--Federal Reserve Bank of Philadelphia web site
English (6)
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