Do sources of volatility differ by country characteristics such as the level of development, country size, quality of institutions, and presence of restrictions on fiscal policy? This paper sets out to answer this question in a quarterly panel of 48 developed and developing countries for 1960-2015. Using individual country and panel vector autoregressions, the paper shows that factors affecting gross domestic product volatility differ systematically...
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2018/07/12
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Documento de trabalho sobre pesquisa de políticas
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WPS8526
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1
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1
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2018/07/12
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Disclosed
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Sources of volatility in small economies
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trade and investment
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