crisis. Within a partial investment model, two kinds of uncertainty are introduced: volatility and disaster risk. The article … important but often neglected element of micro- and macroeconomic theory. With the onset of the financial crisis in 2007 and the … investment decisions play with regard to business cycle fluctuations.<br><br>However, the inclusion of real option values in …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

"Investors' option-implied fear measures - implied volatility (ATMIV) and put-call implied volatility ratios (P … volatility premium"--National Bureau of Economic Research web site …

In this paper we investigate how volatility shocks influence investors' perceptions about a stock's risk, its future … development, and investors' investment propensity. We ran artefactual field experiments with two participant pools (finance … professionals and students) that had to take investment decisions, differing in (i) the direction of the shock (down, up, straight …

This study assesses macroeconomic volatility in Costa Rica, based largely on politically weak governments` inability or … unwillingness to effect key reforms. Notable problems include volatility-prone fiscal and monetary policy, structurally weak public …