Brunetti, Irene; fiaschi, Davide; Gianmoena, Lisa - Dipartimento di Economia e Management, Università … - 2013
A novel methodology, inspired by the literature on mobility, based on Markov matrices, to measure growth rate volatility by a synthetic in- dex is proposed. An asymmetric version of the index allows to identify how much volatility can be ascribe to negative or positive fluctuations around trend....