On the relationship between growth and volatility

On the relationship between growth and volatility

We study the relationship between output growth and output variability in a simple stochastic monetary growth model with nominal rigidities and learning-by-doing. We show that this relationship may be positive or negative depending on the impulse source of fluctuations.

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Veröffentlicht in:Economics letters 2004-04, Vol.83 (1), p.123-127
Hauptverfasser: Blackburn, Keith, Pelloni, Alessandra
Format: Artikel
Sprache:eng
Schlagworte:
Business cycles
Business studies
Economic analysis
Economic growth
Economics
Growth
Volatility
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Beschreibung
Zusammenfassung:We study the relationship between output growth and output variability in a simple stochastic monetary growth model with nominal rigidities and learning-by-doing. We show that this relationship may be positive or negative depending on the impulse source of fluctuations.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2003.10.010