NYU Stern Nobel Laureate Robert Engle Forecasts High Market Volatility for Next 12 Months: Market Stability Not around the Corner

--Available for Interviews--

NEW YORK--(BUSINESS WIRE)--On Friday April 3, 2009, Professor Engle will debut Stern’s new Volatility Lab, or “Vlab” for short, at the Volatility Institute’s inaugural conference.

A new and independent tool to measure market risk, the Vlab calculates the volatility of the S&P 500, MSCI World Index, emerging markets, commodities, exchange rates and more every day. It also produces volatility forecasts up to a year in advance.

At the close of 1^st quarter, Professor Engle cites several trends:

• Market volatility is forecasted to remain high for the next year
• S&P500 volatility increased to 37% from last year’s 26%
• International and emerging market volatility is well above average
• Sweden’s volatility sustained its six-month high, closing at 70%, well above the international market index average of 14%
• The financial crisis pushed Italy’s volatility to 63%, the highest in the Eurozone
• Volatility of gold declined to 18%, below its 23% average

For the Volatility Institute conference agenda, visit http://w4.stern.nyu.edu/volatility/ and click on the “Events” tab.

To RSVP for the event or to interview Professor Engle, please contact Jessica Neville, 212-998-0666, [e-mail], or Carolyn Ritter, 212-998-0624, [e-mail], in NYU Stern’s Office of Public Affairs.