Apergis, Nicholas; Miller, Stephen - In: Journal of Economic Studies 32 (2005) 6, pp. 511-523
Purpose – To investigate whether monetary volatility in the US exerts any asymmetric impact on output volatility over the period 1974‐2002. Design/methodology/approach – For the empirical purposes, the analysis makes use of the multi‐variable GARCH (MVGARCH), which allows not only the...
