choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … lower output volatility while greater exchange rate stability implies greater output volatility, which can be mitigated if a … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …

the three policy choices matter for output volatility and the medium-term level of inflation. Greater monetary … independence is associated with lower output volatility while greater exchange rate stability implies greater output volatility … external finances affect output volatility through the investment or trade channel depending on the openness of the economies …

policy choices do not matter for per capita economic growth. However, they do matter for output volatility and the medium …-term level of inflation. Greater monetary independence is associated with lower output volatility while greater exchange rate … stability implies greater output volatility, which can be mitigated if a country holds international reserves (IR) at a higher …

investment and a relationship between trade and exchange rate volatility that depend on the sign of bilateral trade balances …

that the volatility of exchange rates has declined after the imposition of the URR while the volatility of capital flows …

The exchange rate volatility has witnessed a secular decline after the Bretton Woods collapse. We explore the …. We find indeed that the negative association between bilateral foreign portfolio investments and the volatility of the … volatility in the after-crisis period, the fall in bilateral equity investment in the Euro area disappears …

This paper uses a VAR-GARCH(1,1) model to analyse mean and volatility spillovers between macro news (in the form of …