, and show that it has significant explanatory power for the evolution of macroeconomic volatility. We define "fundamental …" volatility as the volatility that would arise from an economy made entirely of idiosyncratic microeconomic shocks, occurring … different sectors vary over time (in a way we directly measure), while the volatility of those sectors remains constant. We find …

role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and …

The paper presents a new empirical regularity between the volatility of productivity growth and long-run unemployment …

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 …

sub-standard economic performance. They are: long-term trends in world commodity prices, volatility, crowding out of …

We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and … their economies. The amount of volatility driven by these external factors is highly correlated, cross-sectionally, with the … overall amount of volatility in GDP growth. There is also a strong correlation between a country's average growth rate and the …

Data show that better creditor protection is correlated across countries with lower average stock market volatility …