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- W181675534 abstract "Recent empirical work finds a robust, negative cross—country relationship between growth and volatility. Various mechanisms have been proposed through which growth and fluctuations may be related. Some of these emphasize the role of year—to—year uncertainty and its impact on growth—promoting activities. Others emphasize structural interactions between business cycle movements and economic growth. In this article we assess whether growth is more strongly correlated with short term forecast uncertainty or medium/long term business cycle movements. Our evidence suggests that the majority of the negative relationship is coming from the interaction between growth and business cycle movements. The correlation of growth with more high frequency volatility is ambiguous or even positive." @default.
- W181675534 created "2016-06-24" @default.
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- W181675534 date "2002-01-01" @default.
- W181675534 modified "2023-09-27" @default.
- W181675534 title "Further Cross—Country Evidence on the link Between Growth, Volatility and Business Cycles" @default.
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