Cross-Country Evidence on the Link Between Volatility and Growth
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This paper presents empirical evidence against the standard dichotomy in macroeconomics that separates growth from the volatility of economic fluctuations. In a sample of 92 countries as well as a sample of OECD countries, we find that countries with higher volatility have lower growth. The addition
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美国国家经济研究局创建时间：
1994-12-01
