This paper examines the effect of stabilization funds on the volatility of government expenditure in resource … stabilization funds contributes to smoothing government expenditure. The spending volatility in countries that have established such … analysis also shows that political institutions and fiscal rules are significant factors in reducing the expenditure volatility …

This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data … more volatile fiscal behavior, while fiscal rules and higher institutional quality reduce the volatility of fiscal policy …

This paper proposes a stochastic volatility model to measure sovereign financial distress. It examines how key European … sovereign credit default swap (CDS) spreads affect each other; specifically, the paper analyses the volatility structure of … during 2009–12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely …

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure … relationship between clarity and market volatility prior to and during the early stage of the global financial crisis. As the …

threat of millions of people being pushed into poverty around the globe. The risk of continued food price volatility is a … addresses the challenges of commodity price volatility for low-income countries and explores some macroeconomic policy options …

How much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign … the contribution of speculation to short-term oil price volatility (lying between 3 and 22 percent). This estimated short …

volatility and (the lack of) persistence implies that when one excludes volatile items relevant information is likely to be … volatility and persistence. The evidence shows that such measures far outperform those based on either volatility or persistence …