Covid-19. We show that there exist threshold effects in the relationship between output growth and excess global volatility … factors from trade-related spillovers, and identify the Covid-19 shock using GDP growth forecast revisions of the IMF in 2020Q …

We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy … asset price volatility. We show that introducing news shocks in a canonical dynamic stochastic general equilibrium model may … not reduce asset price volatility under plausible parameter assumptions. This is because, in general equilibrium, the …

This paper studies equity price volatility in general equilibrium with news shocks about future productivity and … reduces asset price volatility. This paper shows that introducing news shocks in canonical dynamic stochastic general … equilibrium model may not reduce asset price volatility under plausible parameter assumptions. This is because, in general …