This paper attempts a re-examination of the relationship between the output volatility and economic growth using an … proxy of macroeconomic volatility has negative effect on economic growth. The results appear to be stronger when we include … between economic growth and volatility for the developing countries. The financial development indicator indicates significant …

The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … procyclical capital outflows over the business cycle than those countries with a same growth rate but a more stable output path …. To explain this finding we provide a theoretical mechanism within a stochastic real business cycle growth model in which …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … procyclical capital outflows over the business cycle than those countries with a same growth rate but a more stable output path …. To explain this finding we provide a theoretical mechanism within a stochastic real business cycle growth model in which …

the world technology frontier. Financial openness by stimulating current demand amplifies the crowding out effect and may … even lead to a growth trap, in which no resources are allocated to the traded sector. From a normative point of view, our …

the world technology frontier. Financial openness by stimulating current demand, amplifies the crowding out effect and may … even lead to a growth trap, in which no resources are allocated to the traded sector. From a normative point of view, our …

the high empirical volatility of the real exchange rate and the disconnect between relative consumption growth and the …This paper analyzes the effects of output volatility shocks and of risk appetite shocks on the dynamics of consumption … in a country's output volatility triggers a wealth transfer to that country, in equilibrium; this raises its consumption …

the high empirical volatility of the real exchange rate and the disconnect between relative consumption growth and the …This paper analyzes the effects of output volatility shocks and of risk appetite shocks on the dynamics of consumption … in a country's output volatility triggers a wealth transfer to that country, in equilibrium; this raises its consumption …