Asset price swings of influence fiscal accounts exert influence through three channels: revenue, output and bailout costs. And this kind of influence is nonlinear and asymmetric during boom and bust.
Asset price swings influence fiscal accounts mainly through three channels: revenue, output and bailout costs. And the influence is non-linear and asymmetric during boom and bust.
The researchers pointed out that low-frequency processes, such as fluctuations in stream flow and groundwater levels, would not usually be apparent to human populations.
Later on in the early years of the nineteenth century, when Fort Vancouver became the headquarters of the Hudson's Bay Company, deer populations continued to fluctuate.
The stock is expected to not move at all from where it starts, some stocks will be expected to just trundle along without much change, not very volatile.
Unfortunately, from the scanty researches which focus on Chinese economic fluctuations, one can not find any test of whether fluctuations are asymmetric but only the estimation.
These are estimated using asymmetric volatility, correlation and copula methods similar to those in other sections of VLAB (for econometric details see Brownlees and Engle 2010).