In this paper we analyze empirically how labor market institutions influence business cycle volatility in a sample of … protection legislation appear to play a limited role for output volatility. We also find some evidence suggesting that highly … coordinated wage bargaining systems have a dampening impact on inflation volatility. -- Business Cycles ; Inflation ; Labor Market …

Implied volatility indices should have information about risk parameters, once they are cleansed of the influence of … normal volatility dynamics and macroeconomic uncertainty. Building on intuition from the dynamic asset pricing literature, we … while controlling for realized volatility, expectations about the macroeconomic outlook, and interest rates. We apply this …

OECD data I document that credit market depth mitigates the impact of variations in productivity to output volatility. Then … credit market size and output volatility. The model matches resonably well the reduction in productivity-driven output … volatility implied by the established size of the credit market observed in OECD data. …

sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further …

and it hence lowers the volatility of output. Technological complexity evolves endogenously in response to profit …