Activities - Conferences
The Growth and Welfare Effects of Macroeconomic Volatility
March 17-18, 2006The conference included a combination of theoretical models, measurement analysis, and empirical results. Some of the questions debated were the following: - Is volatility a source or a reflection of underdevelopment? What are the mechanisms through which volatility affects welfare? Is growth the main channel? The conference also discussed policies and institutional safeguards that can be implemented to deal with macroeconomic volatility and, in particular, with external and domestic crises.
Additional information
Papers and discussions
Globalization and Risk-Sharing
by F. Broner and J. Ventura
The Structural Determinants of External Vulnerability
by N. Loayza and C. Raddatz
Schumpeterian Restructuring (not downloadable upon request of the author)
by P. Francois
A Theory of Growth and Volatility at the Aggregate and Firm Level
by D. Comin and S. Mulani
Banks, Liquidity Crises and Economic Growth
by A. Gaytán and Romain Rancière
Iliquidity, Financial Development and the Growth-Volatility Relationship
by E. Kharroubi
Characterizing the Business Cycles of Emerging Economies
by C. Calderón and R. Fuentes
Aid Volatility and Dutch Disease: Is There a Role for Macroeconomic Policies?
by A. Prati and T. Tressel
POLICY PANEL
Philippe Aghion
Carlo Cottarelli
Luis Servén
Boris Vujcic
Alejandro Werner
Inefficient Credit Booms
by G. Lorenzoni
Creditor Protection and Credit Volatility
by A. Galindo and A. Micco
Policy Volatility, Institutions and Economic Growth
by A. Fatas and I. Mihov
Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
by P. Aghion, P. Bacchetta, R. Rancière and K. Rogoff
Trade Openness, Output Volatility and the Risk Content of Exports
by J. di Giovanni and A. Levchenko
Technological Diversification
by M. Koren and S. Tenreyro
The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuations
by R. Reis
Predictable Life-Cycle Shocks, Income Risks and Consumption Inequality
by G. Primiceri and T. van Rens