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exchange rate volatility, and (b) trade and financial openness may have a potential role of mitigating and/or amplifying real … openness to exacerbate or mitigate real exchange rate volatility. The authors collected information on the real effective …) High real exchange rate volatility is the result of highly volatile productivity shocks, and sharp oscillations in monetary …
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"Do aggregate economic shocks, such as those caused by macroeconomic crises or droughts, reduce child human capital? The answer to this question has important implications for public policy. If shocks reduce investments in children, they may transmit poverty from one generation to the next. This...
Persistent link: https://www.econbiz.de/10010521058
"Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...
Persistent link: https://www.econbiz.de/10010522412
sample of countries. Controlling for domestic conditions, the paper examines the growth and volatility effects of outcome … of nonlinearities by allowing the growth and volatility effects of openness to vary with the general level of economic … point toward strong non-monotonic effects of openness and external shocks on growth and volatility. Moreover, all in all …
Persistent link: https://www.econbiz.de/10010522467