TY - JOUR AU - Ductor Gómez, Lorenzo AU - Leiva León, Danilo PY - 2021 UR - http://hdl.handle.net/10481/71834 AB - In this paper, we dissect the time-varying output volatility of the main world economies to study its dynamics, spillovers, and determinants, from a global perspective. Our analysis relies on a hierarchical volatility factor model and Bayesian model... LA - eng PB - Elsevier KW - Output volatility KW - Trade KW - Factor model KW - Model uncertainty TI - Fluctuations in global output volatility DO - 10.1016/j.jimonfin.2021.102533 ER -