of surprise, is found to increase the deals and price volatility in the immediately after the announcement. In addition … components have return impacts also have impacts on deals and volatility. The announcement itself, in addition to the magnitude …, some other items have no return impacts but deals and volatility impacts. These facts are consistent with a view that …

three-country model which combines an asset market determination of exchange rates with a price sector emphasizing wage … indexation behavior and price competitiveness between countries. The three countries consist of two members of the union as well … two member countries in the absence of the union. The importance of another factor, domestic price responsiveness, is …

stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective … January 2020) in two-year implied volatility on the S&P 500 and subjective uncertainty around year-ahead sales for UK firms to …We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied …

choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … lower output volatility while greater exchange rate stability implies greater output volatility, which can be mitigated if a … inflation rate. We find that trilemma policy configurations and external finances affect output volatility through the …

appreciation. Nevertheless, the uncertainty in gold returns is concentrated in the price-change component. The model can explain …From 1836 to 2011, the average real rate of price change for gold in the United States is 1.1% per year and the … gold's real rate of price change with consumption and GDP growth rates are small and statistically insignificantly …