We investigate mean and volatility spillovers between the crude oil market and the main biofuel feedstock markets (corn … tightly interconnected and that the ethanol mandate has strengthened their linkages in terms of volatility spillovers …

At the zero lower bound, the central bank's inability to offset shocks endogenously generates volatility. In this …-contingent optimal monetary and fiscal policies can attenuate this endogenous volatility by stabilizing the distribution of future … outcomes. Fluctuations in uncertainty and the zero lower bound help our model match the unconditional and stochastic volatility …

The VIX, the stock market option-based implied volatility, strongly co-moves with measures of the monetary policy … stance. When decomposing the VIX into two components, a proxy for risk aversion and expected stock market volatility …

At the zero lower bound, the central bank's inability to offset shocks endogenously generates volatility. In this …-contingent optimal monetary and fiscal policies can attenuate this endogenous volatility by stabilizing the distribution of future … outcomes. Fluctuations in uncertainty and the zero lower bound help our model match the unconditional and stochastic volatility …

policy shocks (money supply-interest rate induced) on economic growth in Ghana. We realized that, a shock on interest rate …

Cholesky multivariate stochastic volatility model. It establishes that systematically different dynamic restrictions are … divergent when volatility clusters idiosyncratically. It is illustrated that this property is important for empirical … multivariate stochastic volatility model is proposed as a robust alternative. …

fundamental break with the region's history of boom-bust cycles. The paper traces how this history of macroeconomic volatility and … financial crisis over the past century has adversely impacted on growth and other development indicators, and the role played by …

inflation moderation, and 13% of the growth moderation, while smaller oil shocks accounted for 11% of the inflation moderation … and 7% of the growth moderation. This notwithstanding, better monetary policy explains the bulk of the inflation … moderation, while most of the growth moderation is explained by smaller TFP shocks …