results for the most recent period suggest that a uniform shock to output volatility in the world economy roughly … importance of spillover effects is likely to have increased at all levels of aggregation: among firms, industries, regions, and … question whether the world has become smaller in terms of economic distance. Instead of focussing on the transmission of single …

This paper examines long memory volatility in international stock markets. We show that long memory volatility is … memory in volatility than emerging and frontier countries and that stock market jumps are negatively correlated with long … memory of volatility. Overall, our results provide some evidence of a link between stock market uncertainty and macroeconomic …