This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export … effect of trade openness on growth volatility. Indeed, the effect of openness on volatility is shown to be negative for a …

output volatility. In this vein, our paper investigates whether exporting and export diversification at the firm level have … an effect on the output volatility of firms. We use large representative firm-level databases from Estonia, Hungary … higher volatility at the firm level. There is also evidence that this effect increased during the Great Recession due to the …

This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export … effect of trade openness on growth volatility. Indeed, the effect of openness on volatility is shown to be negative for a …

This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the … decline in the volatility of exogenous shocks but rather a change in their propagation mechanism …

filtered using EGARCH specifications. The estimation results show that upgrades do not have significant effects on volatility …, but downgrades increase stock and bond market volatility. Contagion is present, with sovereign rating announcements … (increase) in volatility in other countries. The empirical results show also a financial gain and risk (value-at-risk) reduction …

I estimate the transmission of large global volatility shocks in international equity markets from the earlier (pre … significant increases in unanticipated volatility in US equity markets, which I relate to well-known historical events. My … significant and large economically. On average, global equity market valuations correct by about 20% in the month when a shock …

, volatility has been historically higher and this has not changed in the last ten years. We also find that the aggregate euro area …