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

Unites States of America (USA). We confirm the heterogeneity of Okun's coefficient across country, and its time …

shock. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility … market volatility and Okun's elasticity over the business cycle. Second, we highlight a key mechanism linking financial … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity shock, firms that rely much …

imply significantly increased heterogeneity in circadian timing, and likely sleepiness, of trader decisions compared to …

capital provided a buffer against the shock. After controlling for observable characteristics, education and experience showed …

a positive financial shock (e.g., winning the lottery). However, trust falls sharply following a negative financial … shock (e.g., bankruptcy). In terms of magnitude, this effect is approximately equivalent to the effect observed after one …, following a negative financial shock. In turn, locus of control is closely associated with interpersonal trust levels. …

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 …