Hondroyiannis, George; Swamy, P.A.V.B.; Tavlas, George S.; … - Bank of Greece - 2005
, including a generalized method of moments (GMM) and random coefficient (RC) estimation, are employed on panel data covering the … estimation period 1977:1-2003:4 using three measures of volatility. In contrast to recent studies employing panel data, we do not …