Assessing the Sources of Changes in the Volatility of Real Growth

By Stephen G. Cecchetti, Alfonso Flores-Lagunes, S. Krause. 2006

188 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/ad0317ea17b3f8a8b597fcd90c4cc8e78eb7d341

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Citations in the corpus

Government Size and Macroeconomic Stability (2012, unknown): “This result is consistent with the evidence that monetary policy has become more effective (at least until the start of the current recession) in several countries, as highlighted by the recent literature on the Great Moderation of inflation (see eg Cecchetti et al (2005)).”
Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism? (2008, unknown): “There is, of course, a broader literature on the impact of financial innovation, often noting its dampening effect on the real economy; see, for instance, Kuttner and Mosser (2001), Estrella (2002), Sellon (2002), Dynan et al (2006), Cecchetti et al (2006), Jermann and Quadrini (2007).”
Impact of Globalization on Monetary Policy (2006, methodology): “Formal statistical tests for structural breaks in volatility (following the methodology of McConnell and PerezQuiros (2000) and Cecchetti et al (2006)) confirm the basic message from the figures.”
Cecchetti , Mohanty and Zampolli The real effects of debt The real effects of debt (2011, unknown): “In addition to putting further pressures on public finances, ageing itself might also reduce per capita growth, making it potentially even more difficult for a country to sustain a given level of 42 See eg Auerbach (2011), Cecchetti et al (2011), Gagnon (2011) and IMF (2011).”
Understanding the Evolving Inflation Process (2007, background): “…inflation is well-represented by an IMA(1,1) process – that is, one in which the first-order autocorrelation is negative for the first 4 The results in Cecchetti, Flores-Lagunes and Krause (2005) suggest that this AR model fits relatively well, so long as volatility is allowed to vary over time.”
Financial Regulation, Financial Globalization and the Synchronization of Economic Activity (2009, unknown): “Isolating the covariance part is desirable, because, over the past two decades, global output volatility has fallen considerably in the industrial economies (e.g. Cecchetti, Flores-Lagunes, and Krause (2006)).”
Oil and the Great Moderation (2010, unknown): “This corresponds to the break in US output volatility estimated by McConnell and Perez-Quiros (2000), Cecchetti et al. (2006), and others.”