This study examines the impact of political instability on inflation volatility in the Middle East and North Africa … and finds five dimensions of political instability. Next, it adopts GARCH, EGARCH, and TGARCH volatility specifications to … instability on GARCH conditional inflation volatility by employing the dynamic Generalized Method of Moments (GMM) panels. This …

, a credit quality process is driven by an Itô integral with respect to a Brownian motion with stochastic volatility … default probabilities and credit spreads. An example for a volatility process is the square root of a Lévy-driven Ornstein …-Uhlenbeck process. We show that jumps in the volatility translate into jumps in credit spreads. We examine the dynamics of the OS …

Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption … that reducing consumption volatility would have on aggregate poverty. We then discuss coverage of consumption insurance …

Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly … implementing fiscal rules to deal with such volatility. It finds that the use of a structural balance target could smooth the …

The paper takes stock of the debate on the positive link between output volatility and the size of government … government size-volatility relationship largely reflects temporary developments (better monetary management and financial …

. This study uses the Diebold and Yilmaz index model to analyze and measure volatility spillovers and interconnectedness … among APEC stock markets. The objective is to identify major transmitters of volatility spillovers and assess the magnitude … of different crisis cycles. The results show that the US is the major contributor (69.54%) to volatility spillovers in …