Table 4 Standard deviation and maximum absolute size of aggregate supply and demand shocks
From: 160 Years of aggregate supply and demand in Switzerland
Subperiod | Aggregate supply | Aggregate demand | ||
|---|---|---|---|---|
Mean absolute shock | Standard deviation | Mean | Standard deviation | |
1855–1880 | 1.37 | 1.99 | 0.70 | 0.92 |
1881–1913 | 0.46 | 0.62 | 0.60 | 0.71 |
1914–1939 | 0.81 | 0.99 | 1.18 | 1.84 |
1939–1945 | 0.61 | 0.47 | 0.60 | 0.90 |
1946–1970 | 0.41 | 0.43 | 0.64 | 0.78 |
1971–2015 | 0.24 | 0.25 | 0.37 | 0.46 |