Volatility in an Era of Reduced Uncertainty: Lessons from Pax Britannica
收藏NBER2005-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11319
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资源简介：
Although it has been well established that financial volatility is related to news and macroeconomic shocks, there has been less emphasis on the importance of underlying economic and political stability. In this paper we study the behavior of consol returns since 1729 and identify a greater-than-50%
提供机构：
美国国家经济研究局
创建时间：
2005-05-01
