The present paper analyzes the forecastability and tradability of volatility on the large S&P500 index and the liquid SPY ETF, VIX index and VXX ETN. Even though there is already a huge array of literature on forecasting high frequency volatility, most publications only evaluate the forecast in...

Environmental regulations can oen lead to leakage due to the increased cost. In this paper, we investigate the carbon leakage induced by the air pollution control policy that focuses on PM2.5 mitigation in China – Action Plan for Prevention and Control of Air Pollution. We employ a one-to-one...