fluctuations in economic uncertainty. I also highlight the prominent role of trade policy as a source of uncertainty and stock … market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay …

market performance in the preceding three months. This pattern strengthens in the postwar period. Third, market volatility is … volatility and other controls. Fourth, greater clarity as to jump reason also foreshadows lower volatility. Clarity in this sense …

fluctuates greatly over time. Trade Policy news, for example, went from a virtual nonfactor in equity market volatility to a …We create a newspaper-based Equity Market Volatility (EMV) tracker that moves with the VIX and with the realized … volatility of returns on the S&P 500. Parsing the underlying text, we find that 72 percent of EMV articles discuss the …

1990s and thereafter. U.S. data also show a secular decline in the job destruction rate and the volatility of firm … relationship of job destruction and business volatility to unemployment flows. We find strong evidence that declines in the …

-series properties are also affected. For example, hires exhibit more volatility than separations in the published statistics, but the …

We review evidence on the Great Moderation in conjunction with evidence about volatility trends at the micro level. We … combine the two types of evidence to develop a tentative story for important components of the aggregate volatility decline … and its consequences. The key ingredients are declines in firm-level volatility and aggregate volatility -- most …

firm growth rates and in the average magnitude of firm level volatility. Measured the same way as in other recent research …, the employment-weighted mean volatility of firm growth rates has declined by more than 40% since 1982. This result stands … in sharp contrast to previous findings of rising volatility for publicly traded firms in COMPUSTAT data. We confirm the …

find that policy uncertainty raises stock price volatility and reduces investment and employment in policy …