persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the …

This paper shows that there exists a strong positive correlation between long-term growth rates and the persistence of … output fluctuations in a cross section of countries. We argue that the traditional explanation of persistence, a real …, output fluctuations are persistent and the degree of persistence is an increasing function of long-term growth rates. Growth …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

to an end. This paper offers evidence that the decrease in output volatility still remains in force despite the GR and …

For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world … price volatility. This study shows the nature of the resulting collective action problem, with the policy being ineffective … on average in stabilizing domestic prices while increasing the volatility of the income transfers from terms …

any unhedged volatility must be managed by precautionary savings. If oil prices are pro-cyclical, oil should be extracted …