This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …

of financial information applies to growth forecasts more broadly, including the IMF’s forecasts in the World Economic …

utilization on the US air-carriers, and per capita demand of the US consumers, given the volatility index in stock markets (VIX …

Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in … period 1970Q1-2016Q1, we construct three measures of volatility, for total capital flows and key instruments. Second, we … perform panel regressions to understand the determinants of volatility. The measures show that the volatility of all …

This paper investigates possible drivers of volatility in the South African rand since the onset of the global … financial crisis. We assess the role played by local and international economic surprises, commodity price volatility, global … market risk perceptions, and local political uncertainty. As a measure of rand volatility, the study uses a market …