A stochastic volatility model where volatility was driven solely by a latent variable called news was estimated for … volatilities. Volatility persistence being close to one was consistent with both volatility clustering and mean reversion … specification improvements were always possible. The model corroborated stylized findings in volatility modeling and has potential …

nominal exchange rate volatility are investigated for 48 countries. Estimation of panel data models indicates that nominal … exchange rate volatility decreases following dissemination of reserves template data while the effects of indebtedness and … reserve adequacy on volatility exhibit statistically significant changes …

volatility risks), contagion effects, and idiosyncratic factors. While idiosyncratic factors explain a large amount of the …

This paper investigates the consequences of exchange rate volatility on the variability of export prices and quantities …

The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We … with higher inflation volatility …

This paper establishes that output volatility and the size of output drops have declined across all countries over the …. The favorable trends in output volatility and large output drops in developing countries are found to result from lower … country-specific volatility and more benign country-specific events. Evidence from cross-section regressions over the 1970 …

reduce macroeconomic volatility. The econometric estimation results from a 30-year panel data set of 15 countries with and … without oil funds suggest that oil funds are associated with reduced volatility of broad money and prices and lower inflation …. However, there is a statistically weak negative association between the presence of an oil fund and volatility of the real …