uncertainty is proxied by the (unobserved) volatility of the structural shocks, and a regime change occurs whenever credit …

structural shock that we label expectational shock. This shock plays a crucial role when describing the series of events that …

The current coronavirus pandemic has had far-reaching global effects on the health and wellbeing of individuals across … with high levels of volatility observed across international financial markets. This study explores the temporal relation … between the observed structural breaks, market volatility and government policy interventions for 28 countries and their …