-varying levels of volatility and skewness for the same variables; and iii) supercycles of borrowing and deleveraging. All of these …

-varying levels of volatility and skewness for the same variables; and iii) supercycles of borrowing and deleveraging. All of these …

This paper estimates a bivariate HEAVY system including daily and intra-daily volatility equations and its macro …-augmented asymmetric power extension. It focuses on economic factors that exacerbate stock market volatility and represent major threats to … commodity markets on stock market realized volatility. Specifically, Economic Policy Uncertainty is shown to be one of the main …

We investigate the sources of the great changes in GDP volatility observed from 1966 to 2000. We develop a general …-sectoral linkages and households' behavior to aggregate volatility. Our results show that changes in sectoral volatility played an … important role in shaping volatility at the aggregate level. Moreover, asymmetries in the economic structure sometimes had an …

and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

Data show that better creditor protection is correlated across countries with lower average stock market volatility …