, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid …The globalization of capital and product markets has many implications for economic welfare. Countries can specialize … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid …The globalization of capital and product markets has many implications for economic welfare. Countries can specialize … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

factor are typically small, with the annualized unconditional volatility estimated at 0.06%, but highly persistent, with … estimated persistence at 0.98. Evidence of time variation in the volatility of the global factor is overwhelming as there are … times in which volatility could be several times larger than its unconditional level (about ten times in the aftermath of …

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often … overlooked in the literature. This paper compares in ation volatility among advanced open economies with in ation targeting …, the volatility of in ation was similar among countries, even when controlling for monetary policy activity and other …