, thereby lowering interest rate volatility and contributing to economic stability. Most empirical studies support this view … volatility. To extend the literature, I use the Dincer and Eichengreen (2007) transparency index for twenty-four economies of … varying income and examine the impact of transparency on both predictability and market volatility. I find that higher …

contrast, price volatility is always less than the variance of the aggregate shock across all information structures …

private information influences aggregate volatility. The maximal aggregate volatility is attained in a noise free information …, as in Lucas. For any given variance of aggregate shocks, the upper bound on aggregate volatility is linearly increasing …

Many important statistics in macroeconomics and finance — such as cross-sectional dispersions, risk, volatility, or …

S&P 500 Index option-based volatility indexes have untenable risk-return profiles. These volatility indexes are not … designed with consideration of important real-world risk characteristics of options and fail to represent volatility as a … cardinal characteristics of options on S&P 500 Index, central to designing viable volatility investment strategies, are …