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Using a three-month moving average to smooth out volatility in the data, that figure is now showing an increase in hours worked for the first time since the end of 2000.
For all the critisicms of forward guidance the Governor appears to be feeling the need to remind markets that in the post-threshold guidance world, the formulation of market rate expectations should be more sensitive to volatility in the data than it has been.
"For all the criticisms of forward guidance the governor appears to be feeling the need to remind markets that in the post-threshold guidance world, the formulation of market rate expectations should be more sensitive to volatility in the data than it has been," he added.
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Despite the volatility in housing data, the improvement points to a stronger economic backdrop.
"We get caught up in the monthly volatility of the data, and we need to step back," she said.
Christoffersen et al. (2014) analyzed the stylized facts of volatility in the post-financialization period using data of 750 million futures observed between 2004 and 2013.
In addition, he said, seasonal volatility also affected the data.
August was punctuated by volatility in the broader markets, as choppy economic data renewed discussions about whether the economy was headed for another recession.
The framework extends current approaches by explicitly considering temporal aspects of system responses to disruptions, volatility in system performance data, and the possibility of multiple disruption events.
From Figure 5a, c we can obtain that the volatility exists both in the real stock market and the simulative data, but the volatility in the simulative time series is a little weaker than that in the SSE Index absolute returns.
Orthogonally to these aspects, there is significant volatility in data characteristics, such as bursty and unpredictable arrival rate, and evolving statistical properties.
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