The Age of Great Volatility

Central banks in a number of countries have also increased their benchmark interest rates to ease inflation by suppressing a stifled increase in demand, because they cannot control the production or supply side.

Since the COVID-19 pandemic broke out, a number of new terms have emerged which reflect the uncertain situation. Restrictions on people’s mobility in the United States to mitigate the COVID-19 pandemic gave rise to the term “the Great Resignation”. The behavior in the workplace is also changing.

Working from home (WFH) with the help of internet technology has now become a necessity that can result in white-collar workers’ resignation, if their needs are not fulfilled. This WFH behavior eventually leads to a saturation point. As a result, family vacations are increasingly needed in order to optimize family welfare (Solberg and Wong; 1992).