The post-1983 moderation coincided with an ahistorical divergence in the money aggregate growth and velocity … volatilities away from the downward trending GDP and inflation volatilities. Using an endogenous growth monetary DSGE model, with … micro-based banking production, enables a contrasting characterization of the two great volatility cycles over the …

, seem to be related to macroeconomic growth volatility in the Greek economy. …This paper focuses on the impact of full capital account liberalization on macroeconomic volatility in Greece … reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy …

endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance … fosters the correct allocation of financial resources, the fair redistribution of wealth and positive economic growth (the … financial system with the ability to create money ex nihilo, over time it drags the economy down to recession or negative growth …

helped to stabilise financial markets and avoid deflation. Nonetheless, GDP growth has been sluggish and in some countries … not show up in stronger growth due to a combination of three factors. First, lower policy interest rates may not have … decline in potential GDP growth in the wake of the crisis. Second, balance sheet adjustments of non-financial companies and …

data (Ingram et al., 1994). Model velocity is stable along the balanced growth path, which features endogenous growth and … velocity volatility at both business cycle and long run frequencies. With filtered velocity turning negative, starting during …

of housing adjustment. In the time-series dimension, the model accounts for the procyclicality and volatility of housing … following question: what are the consequences for aggregate volatility of an increase in household income and a decrease in …. Quantitatively, this model can explain: (1) 45 percent of the reduction in the volatility of household investment; (2) the decline in …

We analyze the implications of financial openness to macroeconomic volatility in a small open economy. Major … macroeconomic aggregates show non-monotonic volatility patterns with respect to the degree of financial openness in the model … without domestic financial frictions. The introduction of domestic financial frictions makes the volatility patterns flatter …

data (Ingram et al., 1994). Model velocity is stable along the balanced growth path, which features endogenous growth and … velocity volatility at both business cycle and long run frequencies. With filtered velocity turning negative, starting during … cycle, credit shocks, velocity and volatility …