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We study the pricing of shocks to uncertainty and volatility using a novel and wide-ranging set of options contracts …, these implications dictate the role of volatility in macroeconomic models …
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uncertainty. The results dictate the role of uncertainty and volatility in structural models and we show they are consistent with …
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uncertainty. The results dictate the role of uncertainty and volatility in structural models and we show they are consistent with …
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from 1 January 1970 to 26 October 2023 as an illustration. The estimation results based on the first differenced logged …
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