Volatility, now the whole thing

It just so happens that Hoover Senior Fellow (and former Univ. of Chicago Finance professor) John Cochrane posted an article yesterday entitled “Volatility, now the whole thing” which builds and expands upon today’s implied volatility topic in Finance 4335. Cochrane’s article provides a broader framework for thinking critically about the implications of volatility for future states of the overall economy. This article is well worth everyone’s time and attention, so I highly encourage y’all to read it!

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