In this paper, we explore the relationship across cryptocurrencies and a set of commodities by using a Markov-Switching-VAR model. The parametric form of the model allows us to compute the regime-dependent impulse response functions during high and low volatility episodes and then to quantify...

This paper investigates the relationship between French wealth and household consumption in a nonlinear context. At first, we update the previous French wealth effects estimates by taking into account the post subprime crisis period; we show that the wealth effect is still positive but only about...