Volatility permeates modern financial theories and decision making processes. As such, accurate measures and good … forecasts of future volatility are critical for the implementation and evaluation of asset pricing theories. In response to this …, a voluminous literature has emerged for modeling the temporal dependencies in financial market volatility at the daily …

volatility and growth can be accounted for by the real common factor, which is proportional to world growth in our empirical …. We develop a multi-country version of the Lucas tree model with time-varying volatility and show that in addition to … the cross country variations of the realized volatility of equity returns. Using this theoretical insight, two common …

intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This … paper presents an empirical framework in which multiple commodity prices and the world interest rate transmit world … disturbances. Estimates on a panel of 138 countries over the period 1960-2015 indicate that world shocks explain on average 33 …

common component, we find evidence for a `world business cycle' as well as evidence for a distinct European common component …

cyclical pattern. Over that cycle, world asset prices, leverage, and capital flows move in concert with global growth …

. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of … side only. On the demand side, the desire to invest has plunged, while people across the rich world are now saving much of …