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This study examined how uncertainty and global risk affect financial markets in emerging economies, focusing on foreign …, global risk, and market instability, offering insights for managing risks in opaque markets and improving financial stability. …
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are (1) the model can generate a high and volatile equity premium while a low and smooth risk-free rate, (2) agents … volatility clusterng and persistence; and (3) Bayesian learning itself is unable to generate a significant and positive risk …
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This paper examines if overreaction of oil price forecasters is related to uncertainty. Furthermore, it takes into account impacts from oil price return and oil price volatility on forecast changes. The panel smooth transition regression model from González et al. (2005) is applied with...
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