host country characteristics. In a gravity set-up, we show that output volatility of source country has a significant … that the standard positive FDI-effect of structural reforms such as trade openness is reduced by higher output volatility …

output volatility, mainly through building monetary policy credibility. When the role of the exchange rate is discussed …

risk, financial openness decreases output volatility, while, in countries with high financial risk, financial openness … increases output volatility. Extensive robustness checks confirm this result. …This paper provides evidence for a significant relation between international financial markets' integration and output …

policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004 … are three main results: First, both pro- and countercyclical expenditure policy amplify output volatility, much in a way … like pure fiscal shocks that are unrelated to the cycle. Second, output volatility, due to variations in cyclical and …

generate a measure of output volatility to conduct the two-step approach, the results show that output volatility positively …, and Thailand). The hypothesis posits that economies face a positive relationship between output growth and output … volatility. Using monthly data of the industrial production indices in the five economies and applying the ARCH/GARCH models to …

This paper investigates empirically the effect of personal income tax progressivity on output volatility in a sample of … hypothesis that higher personal income tax progressivity leads to lower output volatility. All other factors constant, countries …