This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two … variability of the trade balance should increase. Trade costs have ambiguous effects on the volatility of other macro variables …

This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment … fluctuations using two distinct datasets. The results suggest that there has been a significant decline in the volatility of … in macroeconomic volatility as well as declines in the degree of comovement of output and consumption growth with their …

This paper examines the impact of international financial integration on macroeconomic volatility in a large group of … industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output … volatility of consumption growth relative to that of income growth has increased for more financially integrated developing …

, institutional, political and social underpinnings to uncover the 'missing' determinants of exchange rate volatility over time and … volatility, especially in emerging market economies. After controlling for standard macroeconomic factors, we find that the 'soft … volatility across countries …

volatility in determining a firm's debt currency composition, among other channels. Furthermore, the effect of exchange rate … volatility becomes statistically insignificant beyond an estimated threshold credit-to-GDP ratio of 100 percent …

nominal exchange rate volatility are investigated for 48 countries. Estimation of panel data models indicates that nominal … exchange rate volatility decreases following dissemination of reserves template data while the effects of indebtedness and … reserve adequacy on volatility exhibit statistically significant changes …

evidence supporting the nonneutrality hypothesis of nominal exchange regime on RER volatility. Also, regime shifts play an …

This paper studies the effect of instrumental and institutional stabilization of exchange rate volatility on the … very disaggregated goods (e.g., light bulbs) in 83 cities around the world during 1990-2000. We find that the impact of an …