not controlling for breaks. Drawing from recent advances in the econometrics of structural change, it compares the … distribution of the returns of five East Asian emerging markets when breaks in the mean and variance are either (i) imposed using … that measuring deviations from normality of stock returns with no provision for potentially existing breaks incorporates …

, we show that neglecting those breaks both in mean and in variance can have large effects on output volatility modelling …After years of low macroeconomic volatility since the early eighties, well documented and referred to as the Great … countries. This Great Recession period was characterized by a sharp apparent increase in output volatility. In this paper we …

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …