This document offers an overview of analytical properties of volatility control indices,including the statistical bias …, comparing various volatility estimators and the impact of stochastic interest rates on long-dated volatility target indices …

Recession. Divisia money and the corresponding simple sum aggregate are highly correlated in normal times but begin to diverge … this divergence for the Great Recession is not only statistically significant, but also economically important. …

Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … Taiwan. The foundation of the TCI is the Financial Conditions Index (FCI), which is derived from the Monetary Conditions … Index (MCI). The empirical findings show that TCI weighted by spillovers reveal greater significance in forecasting the …