A widely held view is that openness to international trade leads to higher GDP volatility, as trade increases … important, openness to international trade can lower GDP volatility by reducing exposure to domestic shocks and allowing … importance of the two mechanisms (sectoral specialization and cross-country diversification) and provide a new answer to the …

forward-looking stock returns before affecting economic growth. Consistent with most such shocks from 1947 to 2020 enhancing … productivity, increased idiosyncratic stock return variation forecasts next-quarter real GDP growth, industrial production growth …, and consumption growth both in-sample and out-of-sample. These effects persist after controlling for other leading …

countercyclical stocks. We use almost a three-quarter century of real GDP growth expectations from economists' surveys to determine … loading on the expected real GDP growth rate is a priced risk measure. A fully tradable, ex-ante portfolio formed on this …

finance, which emphasize the extreme volatility and boom-bust dynamics of key time series, such as stock prices, credit, and …

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 …This paper presents empirical evidence against the standard dichotomy in macroeconomics that separates growth from the …

declines of inflation later in 2022, in some countries. In times of high volatility of price determinants--cost and … shows that the cross-industry volatility of price determinants grew substantially in the inflation episode accompanying the … pandemic. Volatility remained elevated even in late 2022. The logic of the New Keynesian model of the Phillips curve links …

with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …This paper offers empirical evidence that real exchange rate volatility can have a significant impact on long-term rate …