this, put forward the view that stock and bond return volatility is key. Evidence from the 2000s suggest that the relative … that the relative equity and bond yield values are, to a large extent, driven by inflation volatility. High inflation … volatility persisted during the first half of the twentieth century when the equity yield was higher. This was followed by more …

negative figures. In this paper, the authors examine to which extent exchange rate volatility might account for the drop in the …, augmented to include several measures of exchange rate volatility, for the four largest economies of the eurozone, i.e., France … measures for exchange rate volatility, i.e., (i) the standard deviation and (ii) the conditional variance from the GARCH …