estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …

higher permanent inequality and higher volatility. However, taking the welfare state and its institutions into account, we … ; Transitory Income Volatility ; Earnings Dynamics ; Safety Net ; Transfer Payments …

This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual …

implicit volatility by a decrease in the interest rate. We take our results as strong evidence that central banks use interest …

In this work, I study the impact of high-frequency trading (HFT) on price discovery and volatility in the Bund futures … price discovery compared to Non-HFTs, but also add a higher share to noise than to permanent volatility. Moreover, I find … evidence that HFTs tend to supply less liquidity after an unexpected rise in market volatility and prior to upcoming …