volatility public sector expenditure, cyclical lag of monetary aggregate fluctuations and countercyclical interest rates …

period ahead; in the Volatility treatment, we also elicit subjective confidence intervals of forecasts, which we take as a … measure of perceived volatility. The realized asset price is derived from a Walrasian market equilibrium equation with non …-linear feedback from individual forecasts. Our experimental markets exhibit high volatility, fat tails and other properties typical of …

international tourism receipts are significant financial assets to the economies of SITEs, the timevarying volatility of … international tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. The … volatility in the levels and growth rates of daily international tourist arrivals are investigated in the paper. This paper …

risky and volatile the money market will be. Furthermore, during the tenure of Chairman Greenspan, the volatility and risk … and including a balance-of-risks sentence in FOMC statements also resulted in a reduction in volatility in money markets. …

There has been a renewed interest in recent years in income inequality, economic mobility, and income volatility. I … and time, which can be decomposed into an inequality component measuring dispersion in mean incomes, a volatility … inequality, volatility, and mobility over the last several decades in the United States. I also examine changes in the …

banks themselves. It also sheds light on statistical attempts to measure the volatility of various investment flows. The …

Volatility of financial markets is an important topic for academics, policy makers and market participants. In this … these specifications. Then assuming that the squared returns are the benchmark estimate for actual volatility of the day, I … compare all of the models with respect to how much efficient they are to mimic the realized volatility. At the same time I …

, using a bivariate SWARCH model to show the dependence of the high and low volatility states of the IT.CAC on the NASDAQ-100 …, with no intermediate simultaneous high-low volatility states. …

and volatility of the Shanghai market were higher. The rates of returns in the two markets were approximately serially … uncorrelated and mutually uncorrelated. Volatility, as measured by the absolute change in the rate of return, has positive serially … correlations in both markets as expected, but the autoregressions are temporarily unstable. Most surprisingly the volatility …