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How do trade and financial integration affect the relationship between growth and volatility?

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Commodity Price Volatility, Cyclical Fluctuations, and Convergence

Zoli, Edda - 2009

This paper assesses the role of international commodity prices, cyclical fluctuations, and convergence in driving inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that international commodity price shocks have a significant impact on domestic...