The Persistence of Volatility and Stock Market Fluctuations
收藏NBER1984-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1462
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资源简介：
This paper examines the potential influence of changing volatility in stock market prices on the level of stock market prices. It demonstrates that volatility is only weakly serially correlated, implying that shocks to volatility do not persist. These shocks can therefore have only a small impact on
提供机构：
美国国家经济研究局创建时间：
1984-09-01
