Naslov
Changes in Short-run Volatility of World Economies

Autori
Ćorić, Bruno

Izvornik
Working Paper

Vrsta, podvrsta
Ostale vrste radova, ostalo

Godina
2008

Ključne riječi
GDP growth; breaks in volatility

Sažetak
In 2008 the US financial crisis has spilled over into a number of other economies causing decline in GDP growth across the world. The decades preceding the current downturn were a period of unprecedented stability for the US economy. The paper examines annual data for 97 developed and developing countries over the period 1961-2005 ; finding that, as well as the present economic downturn, the moderation of GDP growth volatility in the period preceding the current crisis was not confined to the US. Similar changes in output growth volatility have been detected for a number of other developed and developing countries.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA