empirical fact that of the statistical properties of most macroeconomic variables, only the volatility of the real and nominal …

herkömmlichen Theorien. Diese Frage kann positiv beantwortet werden mit einer interessanten Interpretation von Volatility-Smiles als … Ergebnis aggregierter Volatility-Skews. Der Band richtet sich sowohl an Wissenschaftler als auch an Fachleute in Banken und …

interest parity condition. It captures the fact that the sharp increase in nominal exchange rate volatility after the … abandonment of the Bretton Woods (BW) system was accompanied by a commensurate rise in real exchange rate volatility, but had no … pronounced effect on the volatility of U.S. and European output. This holds irrespective of whether flexible and sticky prices …