securities, N, can be large relative to the time dimension, T, of the return series. The test is based on Student t tests of … the S&P 500 at the end of each month in real time, using rolling windows of size 60. Statistically significant evidence …

. We develop a multi-country version of the Lucas tree model with time-varying volatility and show that in addition to … for by the real common factor, which is proportional to world growth in our empirical model and linked to the risk …-free rate. Second, the share of volatility forecast error variance explained by the real common factor and by country …

that this relationship has been unstable when considered over the longer time period of 1946-2016. In contrast, we find a …

world real GDP per capita by 7.22 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the …

in line with the paper's key theoretical findings even for panels with moderate time dimensions and irrespective of the …