predictions of interest rates based on a general equilibrium theory are partially consistent with US data"--Federal Reserve Bank …

"We analyze the volatility surface vs. moneyness and time to expiration implied by MIBO options written on the MIB30 …, the most important Italian stock index. We specify and fit a number of models of the implied volatility surface and find … that it has a rich and interesting structure that strongly departs from a constant volatility, Black-Scholes benchmark …

"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New …

applied to scrutinize some popular conjectures regarding the causes of the volatility reduction of GDP since 1984"--Federal …

the observed causal relations. My conclusion is that business cycle theory remains behind business cycle measurement …