This paper investigates the adverse effects of oil price volatility on economic activity and the extent to which … countries can hedge against such effects by using renewable energy. By considering the Realized Volatility of oil prices, rather …, and variance decompositions show that oil price volatility has more-adverse effects in all sample countries than oil price …

Previous sharp oil price declines have been accompanied by elevated ex post volatility. In contrast, volatility was … price declines. This finding is robust to nonparametric and GARCH measures of volatility. Further, the U.S. dollar … appreciation exerted a strong influence on volatility during the recent crash; in contrast, the impact of shocks on equity markets …

system on volatility in gross domestic product per capita and consumption per capita growth. It also examines the impact of … volatility even after controlling for the quality of institutions and periods of financial crises. In large financial systems …, finance may not help individuals smooth consumption volatility. The threshold at which finance's effect may be volatility …

This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds … growth volatility in countries with better-developed financial systems, as these firms may benefit from reduced refinancing … risk and therefore growth volatility associated with short-term financing. Increased availability of long-term finance …

This paper presents estimates of the effects that terms of trade volatility has on growth of real gross domestic … that: (i) in model specifications that do not include country fixed effects, terms of trade volatility has a significant … terms of trade volatility on economic growth is not significantly different from zero; (iii) robust to the inclusion of …