This paper examines the transmission of GDP growth and GDP growth volatility among the G7 countries over the period … 1960Q1 – 2010Q4, using a multivariate GARCH model and volatility impulse response functions (VIRFs) to identify the source …, magnitude and the duration of volatility spillovers. Results indicate the presence of positive own-country GDP growth spillovers …

This paper examines the transmission of GDP growth and GDP growth volatility among the G7 countries over the period … significant own-country output growth volatility and cross-country output growth volatility spillovers indicates that output … growth shocks in most of the G7 countries affect output growth volatility in the remaining others. An additional finding is …

volatility. In the framework of a threshold model, it is empirically shown that this relation depends on the financial risk of a … with low financial risk, financial openness decreases output volatility while financial openness increases output … volatility in countries with high financial risk. Extensive robustness checks confirm this result …

in the United States is not likely to be the main source of low output volatility across the world in this period … preceding the outbreak of the financial crisis in August 2007, caused a relatively low output volatility in other national … economies. The results of the time series analysis of 97 developed and developing countries suggest that low output volatility …

volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country’s financial risk … risk, financial openness decreases output volatility, while, in countries with high financial risk, financial openness … increases output volatility. Extensive robustness checks confirm this result. -- Output volatility ; financial openness …

volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country's financial risk … risk, financial openness decreases output volatility, while, in countries with high financial risk, financial openness … increases output volatility. Extensive robustness checks confirm this result …

The decades preceding the recent financial crisis and global downturn were a period ofunusually mild output volatility …;Great Moderationrdquo;.These findings are consistent with, but not a direct test of, the theory that relates the waning ofoutput volatility …

In 2008 the US financial crisis spilled over into a number of other economies causing declines in GDP across the world … examines annual data for 98 countries over the period 1961-2007 and finds that lower GDP growth volatility in the period …, suggesting that a reduction in volatility in this period was a more general development …