Search Results - subject:"output volatility."

Cyclicality of Fiscal Policy over the Business Cycle: an Empirical Study on Developed and Developing Countries

Bogdanov, Bogdan - Agency for Economic Analysis and Forecasting, Ministry … - 2010

output volatility. The conducted empirical analysis proves the economic intuition that the automatic fiscal stance is … countercyclical fiscal policy reduces output volatility as the volatility of per capita output of the developed nations appear …

Persistent link: https://www.econbiz.de/10008480971

Spillovers of Domestic Shocks; Will they Counteract the "Great Moderation"?

Mody, Ashoka; Carare, Alina - International Monetary Fund (IMF) - 2010

Even prior to the extreme volatility just observed, output growth volatility-following protracted decline-was flattening or mildly rising in some countries. More widespread was an increasing tendency from the mid-1990s for shocks in one country to transmit rapidly to other countries, creating...

Persistent link: https://www.econbiz.de/10008533228

Financial Frictions, Foreign Direct Investment, and Growth

Portes, Luis San Vicente - FIW - 2010

This paper assesses the role of financial frictions and Foreign Direct Investment (FDI) on an economy´s growth rate, business cycle volatility, and firm´s capital structure. We gauge these effects within the Financial Accelerator framework, where entrepreneurs can establish affiliates of local...

Persistent link: https://www.econbiz.de/10008619340

Is Economic Volatility Detrimental to Global Sustainability?

Huang, Yongfu - Department of Land Economy, University of Cambridge - 2010

for error cross section dependence. It finds that output volatility and financial market volatility exert strong negative … and lower trade share countries. The paper also identifies a financial development channel through which output volatility …

Persistent link: https://www.econbiz.de/10008623424

Do Worker Remittances Reduce Output Volatility in Developing Countries?

Chami, Ralph; Hakura, Dalia S.; Montiel, Peter J. - Center for Development Economics, Williams College - 2010

Remittance inflows have increased considerably in recent years and are large relative to the size of many recipient economies. The theoretical and empirical effects of remittance inflows on output growth volatility are, however, ambiguous. On the one hand, remittances have been a remarkably...

Persistent link: https://www.econbiz.de/10008852809

When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth

International Monetary Fund (IMF); International … - 2010

We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...

Persistent link: https://www.econbiz.de/10008777021

The Cross-Country Incidence of the Global Crisis

Milesi-Ferretti, Gian-Maria; Lane, Philip R. - International Monetary Fund (IMF) - 2010

We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits,...

Persistent link: https://www.econbiz.de/10008646414

Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease?

Guzman, Juan Pablo Medina; Lama, Ruy - International Monetary Fund (IMF) - 2010

This paper evaluates how successful is a policy of exchange rate stabilization to counteract the negative effects of a Dutch Disease episode. We consider a small open economy model that incorporates nominal rigidities and a learning-by-doing externality in the tradable sector. The paper shows...

Persistent link: https://www.econbiz.de/10008646416

Do Worker Remittances Reduce Output Volatility in Developing Countries?

Chami, Ralph; Hakura, Dalia S.; Montiel, Peter J. - Economics Department, Williams College - 2010

Persistent link: https://www.econbiz.de/10008679090

OUTPUT VOLATILITY IN MACEDONIA: A ROLE FOR THE EXCHANGE RATE?

Petreski, Ph.D Student Marjan - In: Revista Tinerilor Economisti (The Young Economists Journal) 1 (2010) 14, pp. 143-158

The study aims to empirically explore the relationship between exchange-rate rigidity and output volatility for … the output volatility regression; considers the measure of output volatility; and accounts for the endogeneity bias … period 1998:Q1 - 2009:Q2 and uses a GMM estimator. We find that, in general, a TOT shock opts to increase output volatility …

Persistent link: https://www.econbiz.de/10008462764