volatility to estimate the changing spillover of global oil shocks into the Maltese economy during the period that goes from …

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

We analyze the implications of financial openness to macroeconomic volatility in a small open economy. Major … macroeconomic aggregates show non-monotonic volatility patterns with respect to the degree of financial openness in the model … without domestic financial frictions. The introduction of domestic financial frictions makes the volatility patterns flatter …

volatility of US and UK GDP growth appears to have become increasingly correlated in the recent past. …

percentage point increase in the middle-aged share of the population decreases output volatility by 15 percent for the average …

volatility. Instrumental variable estimation supports our intuition about the direction of causality …Since output growth volatility has negative effects on growth, poverty and welfare, especially in poorer countries, it …. Remittances can help reduce output growth volatility thanks to their considerable magnitude, stability and low pro …

volatility of emerging economies. We study a multi-sector small open economy in which firms produce and trade commodities and …