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, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …
Persistent link: https://www.econbiz.de/10011474806
, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …
Persistent link: https://www.econbiz.de/10001680906
Persistent link: https://www.econbiz.de/10011753426
It is well documented that business cycles of developed countries are characterised by persistent output fluctuations, and this has been the subject of much theoretical interest. However, the case for developing countries has been somewhat neglected in the literature. This paper addresses this...
Persistent link: https://www.econbiz.de/10008665125
We rely on a hierarchical volatility factor approach to estimate and decompose time-varying second moments of countries … business cycles, defined as a persistent decline in macroeconomic volatility across the main world economies. This decline in … volatility was induced by a reduction in the underlying global component, uncovering a new level of interconnection of the world …
Persistent link: https://www.econbiz.de/10012867240
relationship between trade and exchange rate volatility / Christian Broda and John Romalis -- Comments: Chaiyasit Anuchitworawong … Trade and Exchange Rate Volatility 79 Christian Broda and John …
Persistent link: https://www.econbiz.de/10008909722
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According to a growing body of empirical literature, global shocks have become less important for business cycles in industrialized countries and emerging market economies since the mid-1980s. In this paper, we analyze the question of what might have caused a decoupling from the global business...
Persistent link: https://www.econbiz.de/10011584095