Jansen, Marion; Lennon, Carolina; Piermartini, Roberta - C.E.P.R. Discussion Papers - 2009
Using a dataset of 104 countries over a period from 1966 to 2004, this paper analyses the relevance of country specific shocks for income volatility in open economies. We show that exposure to country specific shocks has a positive and significant impact on GDP volatility. In particular, we find...
