, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid …The globalization of capital and product markets has many implications for economic welfare. Countries can specialize … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid …The globalization of capital and product markets has many implications for economic welfare. Countries can specialize … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that … the link between business cycle volatility and financial openness has not been stable over time. …

volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that … the link between business cycle volatility and financial openness has not been stable over time. …

dampening impact. -- labor-market volatility ; skill levels ; financial globalization …Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low … for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …