standard determinants of private savings. The results, based on panel data for non-oil commodity exporters of sub …

part channeled into foreign assets. We conclude that both data and theory suggest uncertainty/volatility is an important …

thought not, and theory offers ambiguous messages. A hard exchange-rate regime such as the gold standard might limit monetary … shocks if it ties the hands of policy makers. But any decision to forsake exchange-rate flexibility might compromise shock … absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in …

Even though Australia has experienced frequent and large commodity export price shocks like the Third World, it seems … identifies two major price shock episodes before the recent mining-led boom and bust. It assesses their relative magnitude, their …

This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …

reduce taxes on labor income, showing that such a policy could increase world productive capacity while being consistent with …

booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel …