volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher …-income profiles if volatility in income is high enough. From this result we can draw the following conclusions: i) mortgage protection …

European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility …

than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on …-DCC specification. The t-DCC model also passes a number of VaR diagnostic tests over an evaluation sample. The estimation results … suggest a general trend towards a lower level of return volatility, accompanied by a rising trend in conditional cross …

productivity and the forward-looking concept of job value. The paper explains the high volatility of firm recruiting behavior, as …

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

time has two aspects: positional changes and the volatility of earnings over time. Whereas the further is a positive … outcome, more volatility as such can be seen as negative. We use Austrian data from tax authorities to find out how population …