-cyclicity, stock price volatility is believed to demonstrate with respect to the state of the economy. It further tests whether such … interdependence is exploitable for volatility forecasting. The sound contribution of this paper is the extension of the in-sample to … ability of an GJR-GARCH-Model, of the implied and historical volatility, the prediction power of macroeconomic and financial …

There is no consensus about the causes of the reduction in business cycle volatility seen in many major economies over … itself led to a reduction in the volatility of economic shocks. Our projections suggest that a number of major economies …

There is no consensus about the causes of the reduction in business cycle volatility seen in many major economies over … itself led to a reduction in the volatility of economic shocks. Assuming an absence of cataclysmic events, our projections …