volatility of revenues, have failed to save a sufficiently high proportion of their resource revenues and failed to make high …

volatility into these four sources, quantify their contribution to aggregate volatility, and study how they relate to the stage …, and slowly increases at later stages of development. Third, the volatility of country- specific macroeconomic shocks falls … with the level of development. We argue that many theories linking volatility and development are not consistent with these …

include the US and a European (E15) aggregate. In relative terms, the conditional volatility of E15 growth has declined more … since 1980 than the well-documented decline for the US. The propagation of shocks has also changed, with the volatility and …

We discuss sources of volatility and vulnerability in the CEECs during the transition and leading up to EU accession …. The Paper emphasizes the role of the transition shock as a source of extreme volatility on a much larger scale than the … contraction. Pro-cyclical fiscal policy and institutional uncertainties amplified output volatility. Many factors will contribute …

What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …

and volatility in contrast to the exogenously assumed constant mean and volatility in many credit risk models. We consider … attenuated (amplified) market volatility and risk premium, but the market value is always higher in economic downturns, and lower …

Agreement on Tariffs and Trade (GATT) has increased the stability and predictability of trade flows. I use a large dataset … dampening effect on trade volatility. …