This paper attempts to examine the link between the stock market volatility and the important economic events in the context of emerging markets and developed markets in scenario of global market crises. Historically several studies have been undertaken on the stock market volatility and...

Economic Policy Uncertainty (EPU) is a critical indicator in economic studies, while it can be used to forecast a recession. Under higher levels of uncertainty, firms’ owners cut their investment, which leads to a longer post-recession recovery. EPU index is computed by counting news articles...

This paper analyzes adjustments in the Dutch retail gasoline prices. We estimate an error correction model on changes in the daily retail price for gasoline (taxes excluded) for the period 1996-2004 taking care of volatility clustering by estimating an EGARCH model. It turns out the volatility...