volatility and exogenous shocks in the price and inventory series are controlled for in estimation. Redressing the empirical … linkage between volatility, prices, and inventories is important because volatility increases returns to inventories, which in … volatility is an important determinant in the short-run conditional mean processes for both the price and inventories. The …

A remarkable but unnoticed feature of the crude oil market is that the dramatic rise in oil price volatility over time … has been accompanied by a substantial fall in oil production volatility. We investigate the reasons for this opposite … evolution of both oil market variables. Our main finding is that the observed volatility puzzle can be rationalized by the fact …

that in addition to the Fatas and Mihov (2006) result that policy volatility hurts growth, we find that a good policy … environment could propel growth by mitigating the negative effect of aggregate volatility and, more specifically, the volatility …

increases volatility of terms of trade and thus the number and frequency of macroeconomic shocks. One would expect modern … not help much in terms of volatility …

the abnormal returns and volatility changes of those component stocks. The empirical results show that, after the removal … volatility. To reduce the possible impact on volatility, the authorities may take the activity of margin transactions into …

This paper explores the relationship between special-interest groups and volatility of GDP growth. In an unbalanced … the volatility of GDP growth. …

The purpose of this paper is to empirically determine the causes of the worldwide diversity of inflation volatility. We … higher inflation volatility. …

expectations (i.e., arbitrary variation on them not opposed by selection forces) produces sharp volatility across equilibria …