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growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal …
Persistent link: https://www.econbiz.de/10013106022
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we find that … attainment, and lack of political polarization reduce the volatility of economic growth. Countries cope with shocks better in the …
Persistent link: https://www.econbiz.de/10012954940
volatility of economic fluctuations. In a sample of 92 countries as well as a sample of OECD countries, we find that countries … with higher volatility have lower growth. The addition of standard control variables strengthens the negative relationship …. We also find that government spending-induced volatility is negatively associated with growth even after controlling for …
Persistent link: https://www.econbiz.de/10013218817
This overview introduces and summarizes the findings of a practical volume on managing volatility and crises. The … volatility leading to large output and economic growth costs, especially in poor countries. In these circumstances, good times do … cope with volatility also drive crises. Hence, the volume also focuses on the prevention and management of crises. It is a …
Persistent link: https://www.econbiz.de/10013222946
I revisit the potential costs and benefits for Sweden of joining the Economic and Monetary Union (EMU) of the European Union. I first show that the Swedish business cycle since the mid-1990s has been closely correlated with the Euro area economies, suggesting that common shocks have been an...
Persistent link: https://www.econbiz.de/10013243957
In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and … with recent theories of financial frictions. The positive relation between volatility and skewness in the cross-section is …
Persistent link: https://www.econbiz.de/10013097664
coincided with increased output volatility …
Persistent link: https://www.econbiz.de/10013215364
Does macroeconomic volatility/uncertainty affects accumulation of net foreign assets? In OECD economies over the period … 1970-2012, changes in country specific aggregate volatility are, after controlling for a wide array of factors …, significantly positively associated with net foreign asset position. An increase in volatility (measured as the standard deviation …
Persistent link: https://www.econbiz.de/10013005376
We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...
Persistent link: https://www.econbiz.de/10012760602
-2001, the corresponding standard deviation was 1.6%. This paper investigates this large drop in the cyclical volatility OF real … volatility using a large number of U.S. economic time series and a variety of methods designed to describe time-varying time … explanations for this 'great moderation.' Taken together, we estimate that the moderation in volatility is attributable to a …
Persistent link: https://www.econbiz.de/10013311853