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Economic Commentary

The Difficulty In Explaining Postwar Stability

Since 1981, business activity has been cycling through high and low points so often that the casual observer might get the impression that the economy has become unstable.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Kowalewski, Kim J. 1985. “The Difficulty In Explaining Postwar Stability.” Federal Reserve Bank of Cleveland, Economic Commentary 12/1/1985.

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