Has the Stock Market Grown More Volatile?

6 Pages Posted: 19 Jul 2007

See all articles by David Laster

David Laster

Swiss Re Economic Research & Consulting

Kevin Cole

University of California, Berkeley - Department of Economics

Date Written: October 1996

Abstract

The record number of fifty-point daily moves in the Dow Jones Industrial Average in 1996 - forty-five in the first three quarters alone - has attracted considerable media attention. An analysis traces this phenomenon to two basic causes: the record level of the Dow and the return of price volatility to post-World War II norms following several years of low volatility.

JEL Classification: G10, G14

Suggested Citation

Laster, David and Cole, Kevin, Has the Stock Market Grown More Volatile? (October 1996). Current Issues in Economics and Finance, Vol. 2, No. 11, October 1996, Available at SSRN: https://ssrn.com/abstract=1000451 or http://dx.doi.org/10.2139/ssrn.1000451

David Laster (Contact Author)

Swiss Re Economic Research & Consulting ( email )

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Kevin Cole

University of California, Berkeley - Department of Economics

549 Evans Hall #3880
Berkeley, CA 94720-3880
United States

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