It has been suggested that countries which export in especially risky sectors will experience higher output volatility …. This measure is strongly correlated with terms-of-trade and output volatility, but does not exhibit a close relationship to …

The leverage effect refers to the generally negative correlation between an asset return and its changes of volatility … volatility estimated from high-frequency data. The puzzle lies in the fact that such an intuitively natural estimate yields …

fraction of labor market adjustment takes place along the intensive margin outside the United States, and that the volatility … of total hours relative to output volatility has increased over time in almost all countries. We use these data to re …

This paper proposes a new mechanism by which country size and international trade affect macroeconomic volatility. We … firms have an impact on aggregate output volatility. We explore the quantitative properties of the model calibrated to data … for the 50 largest economies in the world. Smaller countries have fewer firms, and thus higher volatility. The model …

relative risk aversion. High stock-price volatility can be explained by incorporating time-varying long-run growth rates and …

for time-varying volatility. We then feed these processes into an otherwise standard New Keynesian business cycle model … calibrated to the U.S. economy. We find that fiscal volatility shocks have an adverse effect on economic activity that is …

time-series volatility of productivity are also characterized by greater cross-sectional dispersion in productivity …. Volatility in TFP explains one quarter to one third of cross-country productivity dispersion. We document a similar relationship … between productivity volatility and the dispersion of the marginal revenue product of capital (static capital misallocation …