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This paper analyzes the relationship between capital account liberalization and macroeconomic volatility using Brazil … Brazil in the last three decades. We conclude that, notwithstanding the financial crises and macroeconomic volatility of the …
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This paper analyzes the relationship between capital account liberalization and macroeconomic volatility using Brazil … Brazil in the last three decades. We conclude that, notwithstanding the financial crises and macroeconomic volatility of the …
Persistent link: https://www.econbiz.de/10012467037
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The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics. This paper studies the interrelation between financial markets volatility and economic activity assuming that both...
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