economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA …

There is no consensus about the causes of the reduction in business cycle volatility seen in many major economies over … itself led to a reduction in the volatility of economic shocks. Assuming an absence of cataclysmic events, our projections …

It is common practice to estimate the volatility-growth link by specifying a standard growth equation such that the … a biased and inconsistent estimate of the volatility-growth link. Our simulations show that this effect is large. Once … variance equation must include relevant control variables to estimate the volatility-growth link. …

particular, an increase in the volatility of idiosyncratic productivity shocks significantly decreases aggregate output without …

This paper suggests how to quantify asymmetries in volatility spillovers that emerge due to bad and good volatility … stocks at the disaggregate level. Moreover, the spillovers of bad and good volatility are transmitted at different magnitudes …