the Great Moderation. While the volatility of financial price variables also follows such pattern, financial quantity … variables have experienced a continuous immoderation. We examine these patterns in volatility by estimating a DSGE model with …

integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being … indicate that the volatility of stock market returns is increased in all cases examined. …

uncertainty is proxied by the (unobserved) volatility of the structural shocks, and a regime change occurs whenever credit …