Aizenman, Joshua; Jinjarak, Yothin; Estrada, Gemma; … - 2017
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we … role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that …