(despite market incompleteness), which allows us to produce analytical expressions for bond prices and returns at any maturity …. The attractiveness of bonds as liquidity makes aggregate bond demand downward-sloping, so that greater bond supply raises …

This article proposes an overview of the usefulness of the regime switching approach for building various kinds of bond …

these models, allows us to study interest rate transmission as well as volatility transmission along the yield curve. Due to … the impulse responses framework to examine the transmission mechanism along both the yield and volatility curves. …

, the model remains tractable. In particular, bond prices are given by quasi-explicit formulas. Various numerical examples …

evaluate the leading role of the daily volatility of two major financial variables, namely commodity and stock prices, in their …

This paper studies how financial development affects the relation between average growth and growth volatility through … volatility is more likely to be negative in developing countries, but more likely to be positive in developed economies. Finally …

This paper models the relationship between growth and volatility for G7 economies in the time period 1960-2009. It … delivers for the first time estimates of this relationship based on a logarithm variant of stochastic volatility in mean (SV … show that output volatility has increased in all countries since the beginning of the financial crisis, which illustrates …