The Economist (May 24)
2014/ 05/ 24 by jd in Global News
“Obituaries of the Great Moderation may have been premature.” Following the financial crisis, volatility has again returned to low levels characteristic of the Great Moderation. “The big question is whether the return of the Great Moderation has also prompted a return of the sort of risk-taking that produced the crisis. There are troubling signs.”
