volatility. This paper focuses on extreme correlation, that is to say the correlation between returns in either the negative or … not for the positive tail. We also find that correlation is not related to market volatility per se but to the market …

-country differences in the volatility and persistence of fiscal revenue shocks combined with asymmetric information on country … persistent, low volatility countries adjust spending while others resort to borrowing. This difference signals a relative …

investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … and volatility. …

of noise traders alters the composition of the market and generates excess exchange rate volatility, since noise traders … both create and share the risk associated with exchange rate volatility. In such circumstances, monetary policy can be used … to lower exchange rate volatility without altering macroeconomic fundamentals. …

cyclical variable captures previously undocumented changes in the volatility of real housing price increases. These volatility …