investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …

that in addition to the Fatas and Mihov (2006) result that policy volatility hurts growth, we find that a good policy … environment could propel growth by mitigating the negative effect of aggregate volatility and, more specifically, the volatility …One strand of the empirical growth literature has cast doubt on the ability of the policy recommendations from …

been prevalent. More exchange rate stability does not affect the inflation rate, the growth rate, inflation volatility and … output volatility. More monetary independence reduces output volatility. More financial integration reduces inflation …, inflation volatility and output volatility. Hence, more financial integration or monetary independence is beneficial to Greece. …

tightened further. Global growth has been moving in the opposite direction: it has declined sharply since the beginning of the … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … expectations, elevated financial vulnerabilities, and weakening growth fundamentals. …

tightened further. Global growth has been moving in the opposite direction: it has declined sharply since the beginning of the … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … expectations, elevated financial vulnerabilities, and weakening growth fundamentals. …

macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …

? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …

, appropriate for measuring interest rate effects. A stochastic trend measures underlying shifts in productivity and other supply … growth. There are important and persistent effects of high real interest rates, which significantly constrained growth in the … 1990s, and significant potential growth benefits from fiscal discipline. South African growth appears to have become more …