Research by Stock and Watson on the cause of the increased stability of output growth in the long boom suggests that the main cause of the stability

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Research by Stock and Watson indicates that the main cause of the increased stability of output growth during the long boom is unknown, suggesting that while various factors such as improved monetary policy, efficient financial markets, and better inventory management by firms might have contributed, the precise reasons for this stability are not definitively identified.

Research by Stock and Watson on the Cause of the Increased