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...Structural policies and economic resilience to shocks by romain duval jorgen elmeskov lukas vogel a trend towards more moderate business cycle fluctuations is often quoted as stylised feature of developments in oecd countries over the past several decades among causes frequently cited are better macroeconomic that have helped anchor inflation expectations lower incidence size outside exogenous financial market instruments for risk allocation reduced role control inventories reflecting within cyclical divergences across also tended shrink time result policy requirements become less divergent this obviously important when it comes inside euro area where monetary settings definition identical much controversial whether what extent cycles synchronised factor making synchronous common historically oil price hikes been prominent respect but intensity economies has decline implying source large another potentially propagation here increasing trade linkages between likely led faster stronger t...