real-time volatility. While the extended Hodrick-Prescott filter is particularly appealing for its real-time stability, it …

This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 … advanced and developing countries. We find that financial depth plays a significant role in dampening the volatility of output …, consumption, and investment growth, but only up to a certain point. At very high levels, such as those observed in many advanced …

consequently reduce output and asset price volatility …

real-time volatility. While the extended Hodrick-Prescott filter is particularly appealing for its real-time stability, it …

recovers from the crisis? In this paper we look at economic recovery episodes and relate the growth performance of countries … with their debt levels and debt growth before the beginning of the recession. We find that a higher level of debt before a … recession is correlated with smaller economic growth after the economic slowdown has finished. In contrast, higher credit growth …

This paper argues that output volatility depends on the degree of credit market imperfection. In the early stages of …

consequently reduce output and asset price volatility. …