to have dealt with the volatility better. Why? This paper explores Australian terms of trade volatility since 1901. It … identifies two major price shock episodes before the recent mining-led boom and bust. It assesses their relative magnitude, their …

evidence for changes in persistence and in volatility of price across three well defined periods. We argue that historically … account for the increased volatility of oil price we observe in these periods …

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 …

estimate that a one standard deviation increase in the volatility of the shock to US real GDP leads to a decline in UK GDP …This paper proposes an empirical model which can be used to estimate the impact of changes in the volatility of shocks … to US real activity on the UK economy. The proposed empirical model is a structural VAR where the volatility of …

This paper presents new empirical evidencesuggesting that the net effect of trade openness on output volatility is … as instrumental variables. The results confirm that exposure to trade raises output volatility through the terms …

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

the jump intensity is much more important than diffusive volatility risk …