Fang, Wen-shwo (contributor); Miller, Stephen M. (contributor) - 2007
2006. First, we
consider the possible effects of structural change in the volatility process. In so do-
ing, we employ …, structural change
in variance, IGARCH
1. Introduction
Macroeconomic volatility declined substantially during the past 20 years … Great Moderation such as
good policies, structural change, good luck, or output composition shifts.
1
This paper …