sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further …

sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further …

activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier … of stock market volatility …

data on stock market levels and volatility as proxies for the first and second moments of business conditions. We then use …

activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier … of stock market volatility. -- Dow Jones index ; stock market volatility shocks ; economic growth ; consumption …