Here’s a chicken-or-egg finance question: Do volatility shocks in equities markets cause business-cycle downturns, or do business-cycle downturns manifest as highly volatile stock prices? Research suggests that volatility is evidence of contractionary economic conditions already in place.
Content: Article
Authors: David Berger, Ian Dew-Becker, Michael Maiello, Stefano Giglio
Source: University of Chicago
Subject: Economics
Authors: David Berger, Ian Dew-Becker, Michael Maiello, Stefano Giglio
Source: University of Chicago
Subject: Economics
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