Luck not Greenspan calmed business cycles - study

US - Many have praised the brilliance of Alan Greenspan and his predecessor at the Federal Reserve helm for blunting the most savage swings of the U.S. business cycle. But there's a good chance most of what tamed the booms and tempered the busts was plain old luck finds a recent Fed Working Paper.

That's the finding of a paper by three researchers at the central bank's Washington-based Board of Governors who examined what might lie behind a marked decline in the volatility of U.S. economic gro

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: