, and (iii) employment protection – shape fiscal multipliers and output volatility. Our theoretical model highlights that … more stringent labor market institutions attenuate both fiscal spending multipliers and macroeconomic volatility. This is …

do so, I employ an open-economy time-varying parameter VAR with stochastic volatility, which I estimate by quasi … over time. German trend inflation has strongly decreased and settled at a historically low level. GDP growth volatility … shocks and the shock propagation processes. Thus, I conclude that business cycle stabilization in Germany is driven by both …

Germany. The new data set will regularly be updated when quarterly economic growth for Germany becomes available. We use the …

exert a volatility amplifying effect, depending on the currency of denomination and the cyclicality of the borrower … consumption volatility of low- and middle-income countries. On constructing the debt-weighted effective exchange rates, we examine …

We investigate the sources of the great changes in GDP volatility observed from 1966 to 2000. We develop a general …-sectoral linkages and households' behavior to aggregate volatility. Our results show that changes in sectoral volatility played an … important role in shaping volatility at the aggregate level. Moreover, asymmetries in the economic structure sometimes had an …

smooth their domestic consumption; however, it can also amplify volatility in consumption, depending on the currency in which … external debt portfolios, exchange rate cyclicality, and volatility in consumption of low- and middle-income countries. Since …

1996-2007, we show that firms with higher export intensity exhibit a lower volatility of skilled labor demand relative to … the volatility of unskilled labor demand. Our identification strategy is based on an instrumental variable approach to … provide evidence on the causal effect of the export performance of the firm on the volatility of employment of different …

This paper compares volatility forecasts for the RTS Index (the main index for the Russian stock market) generated by … alternative models, specifically option-implied volatility forecasts based on the Black-Scholes model, ARCH/GARCH-type model … information content). Various forecasting performance tests are carried out which suggest that both implied volatility and …