The argument that policy risk, i.e., uncertainty about monetary and fiscal policy, has been holding back the economic … recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about …

with previous studies, no significant differences in performance and risk are found between female and male managed funds … funds’ exposure to known risk factors. Employing a quantile regression approach reveals that fund performance is highly …This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …

problems in the home country, with a lesser factor being the weak performance of the foreign subsidiary. …

evaluate the performance of local government in the provision of local public services. The model employs a reduced set of …

Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …

Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …

risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans … (redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …