Accounting for Consumption Volatility Differences
AbstractIn the wake of emerging market turmoil, the role and welfare consequences of volatility have attracted renewed attention. An emerging consensus points to various types of volatility being both a consequence and a determinant of longerterm growth performance. The linkages appear to be context dependent. This paper employs classification tree analysis to explore determinants of consumption volatility taking account of context dependence. The results suggest output volatility, measures of input volatility, and measures of economic development are best able to differentiate between countries with high and low consumption volatility.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 51 (2004)
Issue (Month): s1 (June)
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Find related papers by JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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- Jean-Louis Combes & Christian Ebeke, 2011.
"Remittances and Household Consumption Instability in Developing Countries,"
- Combes, Jean-Louis & Ebeke, Christian, 2011. "Remittances and Household Consumption Instability in Developing Countries," World Development, Elsevier, vol. 39(7), pages 1076-1089, July.
- Christian EBEKE & Jean-Louis COMBES, 2010. "Remittances and Household Consumption Instability in Developing Countries," Working Papers 201015, CERDI.
- Chantal Dupasquier & Patrick N. Osakwe, 2006.
"Trade Regimes, Liberalization and Macroeconomic Instability in Africa,"
Development Economics Working Papers
21823, East Asian Bureau of Economic Research.
- Chantal Dupasquier & Patrick N. Osakwe, 2006. "Trade Regimes, Liberalization and Macroeconomic Instability in Africa," SCAPE Policy Research Working Paper Series 0604, National University of Singapore, Department of Economics, SCAPE.
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