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

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 …

volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to 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 …

inflows (new listings) and outflows (sales) in explaining the volatility and co-movement of housing-market variables. An 'ins …