Shaken and Stirred: Explaining Growth Volatility

By William R. Easterly, Roumeen Islam, Joseph E. Stiglitz. 2003

672 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e4c15a16221da570dae9d515cc55bcdd1fb7e71f

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Citations in the corpus

Liquidity Needs and Vulnerability to Financial Underdevelopment (2003, background): “It is also possible to use these simple calculations to obtain a rough estimate of the effect of financial development on the volatility of GDP per capita associated with its impact on sector volatilities, which can then be compared to existing estimations of the aggregate effect of financial develo”
Pathways to a World City: Shanghai Rising in an Era of Globalisation (2002, background): “…crisis-hit East Asian economies and their neighbours.17 The experience of East Asia and Latin America seems to have established some new ndings and reaf rmed old lessons: there is no signi cant relationship between the openness of the capital account and economic volatility (Easterly et al., 1999).”
Financial Globalization and Economic Policies (2009, unknown): “For some other recent surveys on financial globalization, see Eichengreen (2001), Prasad et al.”
Financial Openness and Business Cycle Volatility (2002, background): “Easterly et al. (2000), Denizer et al. (2000), and Da Silva (2001) find a more sophisticated financial system to be associated with lower volatility.”
An Economic Vulnerability Index: Its Design and Use for International Development Policy (2009, background): “There is clear empirical evidence of the influence of policy factors on growth volatility (Easterly et al., 2001; Combes et al., 2000).”
Banking stability, competition, and economic volatility (2016, background): “A more developed banking system promotes a country’s economic growth during normal periods (Rajan and Zingales, 1998; Levine, 2005; Ongena and Giannetti, 2009) and reduces economic volatility (Denizer et al., 2002; Easterly et al., 2000; Larrain, 2006; Raddatz, 2006).”
Law, endowments, and finance (2003, background): “Engerman and Sokoloff (1997) note another channel through which geographical endowments shape initial institutions with enduring effects on economic development. Namely, they show that agriculture in southern North America and much of South America is conducive to large plantations. Thus, colonists ”
Empirics of hills, plateaus, mountains and plains: A Markov-switching approach to growth (2006, unknown): “The idea that the study of long-run growth should not be completely separated from the study of short-run macroeconomic phenomena has been stressed by several authors (Temple, 1999; Easterly et al., 2000; Ramey and Ramey, 1995).”