Showing 1 - 10 of 6,909
More financially developed countries show lower volatility of industrial output. Volatility is particularly reduced in … industries that are more financially dependent. Most of the reduction is in idiosyncratic volatility. Systematic volatility is …
Persistent link: https://www.econbiz.de/10010263333
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting … different groups are exposed to economic risk. As the ESI derives from a data-independent conceptual foundation, it can be …
Persistent link: https://www.econbiz.de/10010289981
to examine the risk - return trade-off in the term structure of interest rates before and after the introduction of the …
Persistent link: https://www.econbiz.de/10011604644
aggregate output across industrial sectors which minimize the economy’s long-term volatility for a given level of long … faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …
Persistent link: https://www.econbiz.de/10011605305
evidence shows asymmetry is also a prominent feature of stock market returns volatility. The reaction of risk if stock returns … describe the most typical features of capital markets like volatility clustering, excess kurtosis and fat tails. As empirical …
Persistent link: https://www.econbiz.de/10010270556
volatility for inflation uncertainty, et vice versa. Regarding the subsequent volatility of short-term and of long-term interest … volatility of the real exchange rate to inflation uncertainty cannot be rejected. …
Persistent link: https://www.econbiz.de/10010275547
In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over …-benefit policy. Based on the actual data, our resultsshow the volatility of the internal rate of return to be significantly …
Persistent link: https://www.econbiz.de/10010300850
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010322720
, volatility, and spikes. While price trends are important in the long term, volatility and spikes are more important in the short … volatility. An assessment of the costs of price volatility has shown that the existing literature follows a conventional marginal …. Measuring and estimating the cost of food price volatility should factor in ongoing processes such as economic growth and …
Persistent link: https://www.econbiz.de/10010323663
volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 … countries over the period 1966-2001. We find that once the volatility of aid is controlled for, aid has a positive impact on … economic growth. Correspondingly, volatility of aid flows is found to be negatively related to growth. We found no significant …
Persistent link: https://www.econbiz.de/10010325781