In a sample of 110 countries over the period 1960–2009, we document a positive relation between the volatility and … volatility and skewness in panel data with country fixed effects in the top quartile of countries in terms of beginning …

In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and … volatility and skewness in panel data with country fixed effects in the top quartile of countries in terms of beginning …

macroeconomic volatility prevents countries with a higher incidence of poverty from converging in poverty levels to those with less … poverty on a global scale. Once volatility is controlled for, the relevant convergence parameter shows the expected negative … sign and is robust to various estimation techniques and model specifications. Only if a country's volatility exceeds a …

significantly lower aggregate volatility. This relationship is also highly non-linear starting from a low level of financial … development the reduction in aggregate volatility by financial deepening is far more significant than it is when the financial … spending shocks, preference shocks) on aggregate output and investment, and why this volatility-reducing effect diminishes with …

macroeconomic volatility prevents countries with a higher incidence of poverty from converging in poverty levels to those with less … poverty on a global scale. Once volatility is controlled for, the relevant convergence parameter shows the expected negative … sign and is robust to various estimation techniques and model specifications. Only if a country's volatility exceeds a …

Does GDP composition affect GDP growth and volatility? Typically, economies at advanced stages of development grow … volatility are the same in manufacturing and services at the gross output level, the larger intensity of intermediate goods in … gross output production in manufacturing implies a larger growth and volatility of TFP at the value added level in …