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 …

of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro …, globalization has been good for growth in poor countries at least by diminishing price volatility. But comparative advantage has …

, modern economists argue that volatility reduces growth in the poor periphery. This paper assess these de …-industrialization and volatility forces between 1782 and 1913 during the Great Divergence. First, it argues that the new economic order had …-reducing terms of trade volatility was the other. Between 1820 and 1870, terms of trade volatility was much greater in the poor …

capital flows and capital flows volatility during this period. We find that institutional quality is an important determinant …. Policy plays a significant role in explaining the changes in the level of capital flows over time and their volatility …

produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical …

In recent years, large fluctuations in world food prices have renewed interest in the question of how monetary policy …-superior to alternative policy rules once the variance of food price shocks is as large as in real world data …

choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … lower output volatility while greater exchange rate stability implies greater output volatility, which can be mitigated if a … inflation rate. We find that trilemma policy configurations and external finances affect output volatility through the …

We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization … allocated through long-run employment relationships (the 'invisible handshake'). Globalization can take two forms: International …

This paper investigates the sources of terms of trade volatility, specifically addressing the relative importance of …