We test for a change in the volatility of 215 US macroeconomic time series over the period 1960-1996. We find that … about 90\\% of these series have experienced a break in volatility during this period. This result is robust to controlling … for instability in the mean and business cycle nonlinearities. Real variables have seen a reduction in volatility since …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

new panel database for 35 countries, this paper estimates the impact of terms of trade volatility and secular change on … country performance between 1870 and 1939. Volatility was much more important for accumulation and growth than was secular …

This paper analyzes the effects of financial liberalization on growth and volatility at the industry level in a large … positive effect on both growth and volatility of production across industries. The positive growth effect comes from increased …

I revisit the relationship between growth and volatility in two different disaggregated datasets. I confirm that growth … and volatility are negatively related across countries, but show that the relation reverses itself across sectors. This … aggregate volatility that is common across sectors that correlates negatively with aggregate growth. Furthermore, while …