volatility — which are based on the maximum and minimum stock prices within a month. Good (bad) volatility is associated with … that (1) output, employment, and stock price plummet rapidly in response to a bad volatility shock, while their responses … to a good volatility shock are modest, and (2) bad volatility shocks explain the bulk of economic activity and stock …

interventions, and stock market volatility, drawing upon an extended time period of one year, to independently test, confirm and … differences and similarities utilizing an asymmetric measure of volatility. We find that there are major differences between these …