Since the ’80s the volatility of output growth and inflation experienced by several industrialized countries has … volatility of inflation and output growth. …

Since the '80s the volatility of output growth and inflation experienced by several industrialized countries has … volatility of inflation and output growth. …

This paper studies the volatility implications of anticipated cost-push shocks (i.e. news shocks) in a New Keynesian …), anticipated cost-push shocks lead to a higher (lower) volatility in the output gap and in the central bank's loss than an … unanticipated shock of the same size. The inversion of the volatility effects of news shocks between rational and boundedly rational …

This paper studies the volatility implications of anticipated cost-push shocks (i.e. news shocks) in a New Keynesian … lead in both policy regimes to a higher (lower) volatility in the output gap and in the central bank's loss than an … unanticipated shock of the same size. This inversion of the volatility effects of news shocks follows from the inverse relation …

Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy … reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic … growth – contained in <i>Going for Growth</i> and the <i>Economic Outlook</i> – and attempts to establish whether they …

In this paper we examine the volatility of aggregate output and employment in Australia with the aid of a frequency … to output volatility in Australia which holds that there was a once and for all sustained reduction in output volatility … in or around 1984. We do not find any convincing evidence for a sustained reduction in the cyclical volatility of the GDP …

The decline in output volatility in a number of countries over the past few decades has been well-documented, though … volatility. We suggest that reforms in product and labour markets can reduce volatility of aggregate output by encouraging … output volatility. Our estimates are reasonably robust to a number of alternative specifications, including those that …

This paper studies the volatility implications of anticipated cost-push shocks (i.e. news shocks) in a New Keynesian … lead in both policy regimes to a higher (lower) volatility in the output gap and in the central bank’s loss than an … unanticipated shock of the same size. This inversion of the volatility effects of news shocks follows from the inverse relation …