Title: Can volatility be benign? 

　　Schedule: Oct 28, 2020

　　Abstract: We present our current research agenda based on new measures of stock volatility we constructed. These measures are labeled good and bad volatility as they are associated with good and bad economic outcomes, respectively. We first briefly review the construction of these measure and their association with people’s expectations. Then we present two applications. The first is concerned with how growth at risk relates to these measures. The second is about international credit channel of US financial uncertainty. 

题目：波动性能是良性的吗？

摘要：我们建构了股价波动的新测度，并讨论目前的研究计划。这些测度被命名为好的和坏的波动性，因为它们和好的与坏的经济事件相关联。我们收下简要的回顾这些测度的方法，以及它们和人们预期的贡献。然后我们报告两个应用。第一个应用是关于在险增长，第二个应用是关于美国金融不确定性的国际传递机制