Experiment

GDP

Investment

Consumption

Unemployment

S.D.

ACF

S.D.

ACF

S.D.

ACF

S.D.

ACF

Pre-Volcker

1.57

0.58

29.0

0.37

1.04

0.08

34.4

0.35

Volcker-Greenspan

1.58

0.56

22.6

0.24

1.00

0.12

35.5

0.36

Post-1982

1.72

0.58

21.3

0.33

0.99

0.10

35.8

0.31

Post-2008

1.51

0.57

25.2

0.37

0.99

0.15

34.8

0.35