Figure 3 shows that the optimal volatility of inflation decreases when the elasticity of demand increases (the markup decreases).

Volatility of real output in the model with the variance of the technology shock approximately set to zero is computed.

The average of these regional volatilities of presidential elections is 29.05%, whereas that of the other regions is 16.59%.

Thus, the elimination of volatility may lead to welfare gains and simultaneous effects on mean and excess returns.

These are the excess volatility or learning equilibria of our model.

Several adjustments were made to better accommodate changes in volatility, to arrive at the final scales.

The puts would probably be priced with an increased volatility, hence destroying the interpretation above.

For this reason, for the 1992-96 electoral period we undertook a more detailed examination of volatility at the local level.

They both reduce market risk and volatility and increase long-run average returns to producers.

Thus, one may ask whether the short-run volatility of stock prices in developing countries actually matters for funded pension accounts.

One could use a more complicated deterministic volatility process to mimic the higher moments of observed returns.

Volatility clusters are visible in the time series of returns and the unconditional distribution of returns is leptokurtic.

In bull markets, the conditional mean increases whereas the volatility decreases.

Finally, the conditional moments of the excess returns are obtained from forecasts of the mean and volatility of the dynamic factor.

You could think of it as linear in conditional volatility rather than linear in the conditional mean.

例文に含まれる意見はCambridge Dictionary の編集者または Cambridge University Press とその使用許可を得ている会社などの意見を表わすものではありません。

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