inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … economies, the results show that, as expected, both measures are positively correlated with output volatility. When the two … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …

materials, for both production as well as for inventories. The more detailed treatment of inventory holdings offers new insights … and they explain the volatility of many variables. We reject the hypothesis of better inventory management and improved …

competition and the variety effect are estimated to be statistically significant. Together, they amplify the volatility of output …

moderation of output volatility compared to the well-known break during the mid-1980s. The period of analysis runs from 1962Q2 to … unconditional volatility and procedures of structural break detection (Inclan–Tiao test and autoregressive conditional …