The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 1 Inclan–Tiao test results, break dates and volatilities
Break dates | Period | Unconditional volatility (SD × 100) | Conditional volatility (SD × 100) |
|---|---|---|---|
1972Q3 | 1962Q2–1972Q2 | 0.61 | 0.35 |
1982Q3 | 1972Q3–1983Q2 | 1.53 | 0.53 |
2010Q1 | 1983Q3–2009Q4 | 1.04 (excluding 2008/09 crisis, volatility: 0,83) | 0.36 (excluding 2008/09 crisis, volatility: 0.30) |
|  | 2010Q1–2018Q3 | 0.40 | 0.17 |