production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price … volatility. Also the impact of oil shocks on economic activity appears to be significantly stronger in uncertain times …

activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier … of stock market volatility …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling …. This effect is significant and robust over a wide range of specifications. We unravel the effects of volatility by opening … dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth …

, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004 … results: First, both pro- and countercyclical fiscal 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 discretionary fiscal policy …

cope with oil price volatility. The ongoing dividend equals approximately 30 per cent of government revenue and requires …