the variance of monetary shocks has a negative effect on growth, while output volatility is good for growth as a positive …

of monetary shocks has a negative effect on growth, while output volatility is good for growth as a positive relationship …

volatility over the period 1947 to 2006. First, we consider the possible effects of structural change in the volatility process …. In so doing, we employ GARCH-M and ARCH-M specifications of the process describing output growth rate and its volatility … with and without a one-time structural break in volatility. Second, our data analyses and empirical results suggest no …

This paper considers the linkages between output growth and output volatility for the sample of G7 countries over the … volatility are highly intertwined, with spillovers taking place into all four directions; ii) the importance of spillovers has … been the largest transmitter of output and volatility shocks to other countries. Generalized impulse response analyses …

In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …