This paper, using T-GARCH models, finds that the United States has been the major source of price and volatility … ""stock market correction"" period. There is also evidence of structural breaks in the stock price and volatility dynamics …

than 40 percent of the volatility of aggregate sales. Although quite large, this contribution is smaller than documented in …

an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness …

as conventional wisdom-that output volatility and growth are negatively correlated. We reexamine this relationship in the … negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration … significantly weaken this negative relationship. Specifically, we find that, in a regression of growth on volatility and other …

We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment … affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 ….2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …