. This study uses the Diebold and Yilmaz index model to analyze and measure volatility spillovers and interconnectedness … among APEC stock markets. The objective is to identify major transmitters of volatility spillovers and assess the magnitude … of different crisis cycles. The results show that the US is the major contributor (69.54%) to volatility spillovers in …

superiority of either a bank-based or a market-based financial system in promoting growth or reducing macroeconomic volatility … investigate the effect of the structure of the financial system on the volatility of output and investment growth as well as their … cyclical components. We do not find evidence that market-based financial structures dampen volatility of output or overall …

This paper examines the impact of MIB30 Index Futures on the volatility of the Italian Stock Exchange. The results … suggest that the onset of futures trading may have led to diminished daily volatility. They also suggest that the nature of … the volatility itself has not changed between the pre-futures and post-futures periods although a lower volatility is …

incidence of changes in input prices across industries, with consumers bearing a smaller share of the burden than standards …

We show strong overall and heterogeneous economic incidence effects, as well as distortionary effects, of only shifting … statutory incidence (i.e., the agent on which taxes are levied), without any tax rate change. For identification, we exploit a …

highlight the role of international market responses for the incidence across heterogeneous households. We consider three …

reforms. Applying the approach to administrative data for West Germany facilitates a comprehensive incidence analysis between …