(real or nominal, bilateral or effective) exchange rate volatility? If so, has this been at the expense of increased … interest rate volatility? How important have capital controls been for the operation of the EMS? Has the Exchange Rate … Mechanism reduced the volatility of unanticipated exchange rate changes? Has the EMS been effective in making ERM currencies …

investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … and volatility. …

uncertain and subject to learning. We discuss phenomena related to the volatility and predictability of asset returns, stock …

resulting volatility can induce risk-averse transactors who face transaction costs to desert these markets altogether. Thus … thinness and the consequent price volatility may become joint self-perpetuating features of an equity market, whatever the … volatility of asset fundamentals. If, however, appropriate incentive schemes are adopted to encourage entry of additional …

This study examines the conditional volatility and correlation dependency and interdependency for the four major … volatility. These results have become more pervasive when the exchange rate and FFR are included. Monetary policy also has a …

realized volatility models, not confusing thresholds, asymmetry and leverage, not underestimating the complexity of … multivariate volatility models, and thinking carefully about forecasting models and expertise …

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 …