the case of f real the solution turns out to coincide with what has been variously called biproportional scaling and …

by the exchange rate volatility, and investigate their relationship to a global financial stress indicator, measured by … the volatility on global markets. We introduce the possibility of non-linearities by running smooth transition regressions …

The aim of this paper is to study the dynamics of the US real effective exchange rate by capturing nonlinearity and …

The aim of this paper is to study the dynamics of the US real effective exchange rate by capturing nonlinearity and …

This article unearths the determinants of the volatility of aggregate and firm-level production proxied by output and … volatility. Similarly to their conclusions, I establish that firm volatility is not driven by a compositional bias in my sample …-level and aggregate level volatility due in part to the 2007 financial crisis. …

instruments to manage food price volatility. Many developing countries recently pursued price regulation policies, but the … policy to lower food price volatility does not depend on the nature of the policy instrument only, but also on the … be key factor influencing the degree of price volatility. Applied to trade policies, this consistency is defined by the …

-end varieties has two macroeconomic implications for countries. First, the sources of a country's aggregate exports volatility are …-speci c demand shocks, and thus their volatility on a given market. However, their lower sensitivity to distance allows for a … greater geographic diversi cation of their exports, which in turn reduces aggregate volatility through a portfolio e ect …