We analyze the determinants of daily futures price volatility in corn, soybeans, wheat, and oats markets from 1986 to … that allows us to clearly distinguish among time-to-delivery effects, seasonality, calendar trend, and volatility … persistence. We find strong evidence of time-to-delivery (Samuelson) effects and systematic seasonal components with volatility …

increasing it only cautiously. Volatility in domestic investment can to an extent be moderated by a buffer of international …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development … effect is significant and robust over awide range of specifications. We unravel the effects of volatility by opening the …, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth through …

doing this in the short run. Foreign asset accumulation should be used primarily to smooth volatility, rather than to build …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

volatility channel may lead one to erroneously conclude that there is no effect of resources on growth. …

rotation data set for the period 1979:1-2003:4, we find that the volatility of aggregate skilled hours relative to the … volatility of GDP has nearly tripled since 1984. In contrast, the cyclical properties of unskilled hours have remained … to an increase in the relative volatility of skilled hours: (i) a reduction in the degree of capital …