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This paper provides empirical evidence regarding the causal links between macroeconomic uncertainty and output growth using Greek data. Uncertainty is considered in distinct components, namely the inflation uncertainty and the output growth uncertainty. The results reveal significant negative...
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evaluates the performance of the models. The probit model with the industrial production index and the realized volatility as …
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the long-run relation between these two markets and explores the possible common volatility feature in the spirit of Engle …
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