This paper assesses the role of trade patterns in shaping the volatility of the effective exchange rate under two …

experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important … those countries to invest boldly in building inclusive institutions as well as high levels of human capacity in public …

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …

indicators, the contributors have delved into the ways that global volatility, especially since 2008, has affected Indonesia and …

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in … evidence does not actually attempt to measure the volatility of prices of individual goods or commodities. Rather the … is that primary commodity prices are more volatile than those of manufactured products, even though most of the existing …

assumed to differ only with respect to GDP volatility which is calibrated based on the 1980-2008 period. The model predicts a … asset holdings. While heterogeneity in GDP volatility may lead to large imbalances in international investment positions …

We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy … asset price volatility. We show that introducing news shocks in a canonical dynamic stochastic general equilibrium model may … not reduce asset price volatility under plausible parameter assumptions. This is because, in general equilibrium, the …

This paper finds a negative relationship between the employment share of the service sector and the volatility of … aggregate output in the OECD—after controlling for the level of financial development. This result reflects volatility … sector. I examine the quantitative role of these labor shifts—termed structural transformation—on the volatility of aggregate …