volatility and Student-t disturbances outperforms restricted alternatives that feature either attributes. The VAR model with …

We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We … show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate … temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent …

volatility of US and UK GDP growth appears to have become increasingly correlated in the recent past. …

We develop a dynamic factor model with time-varying parameters and stochastic volatility, estimate it with several … findings, the estimates suggest that global uncertainty plays a primary role in explaining the volatility of inflation …

-robust approach is proposed to construct estimation and inference. Thirdly, this paper suggests a procedure to derive theory …