This paper examines the mechanisms through which output volatility is related to trade openness using an industry … appreciable impact on aggregate volatility. Added together they imply that the relationship between trade openness and …

examines the consistency of IMF World Economic Outlook (WEO) forecasts with the full information rational expectations (FIRE …

Major output collapses are costly and frequent in the developing world. Using cross-country data, we classify five …

The paper takes stock of the debate on the positive link between output volatility and the size of government … government size-volatility relationship largely reflects temporary developments (better monetary management and financial …

rise of renewable sources of energy. Using high-frequency data, this paper investigates volatility spillovers across 24 …, cross-border volatility spillovers dominate the behavior in national electricity markets in Europe-and this effect has grown … over time. We also implement an augmented gravity model of bilateral volatility spillovers across power markets in the EU …

During 2001-07, increases in mature market volatility were associated with declines in forex returns for East Asian … increase in mature market equity volatility generated an exchange rate depreciation of up to ½ percent. This sensitivity rose …

Intro -- Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. VOLATILITY DYNAMICS IN CENTRAL AND EASTERN …