slow down and contract. In this paper, we study the interrelation between financial markets volatility and economic … common factors affect volatility and economic activity with a time lag of at least a quarter. Under these assumptions, we … show analytically that volatility is forward looking and that the output equation of a typical VAR estimated in the …

return correlations using weekly returns on futures markets and investigate the extent to which multivariate volatility …

revenues when managed appropriately are a blessing, but their volatility (which in Iran is much higher than oil price … volatility) can have adverse effects on real output, through excessively high and persistent levels of inflation. Lack of … appropriate institutions and policy mechanisms which act as shock absorbers in the face of high levels of oil revenue volatility …