Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … lending and risk-taking shocks, in contrast, have only a temporary effect on real GDP and tend to lead to a (moderate) rise in … using a model of bank risk-taking and securitization. …

incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the …

to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation … large adaptation efforts benefits the single country and may reduce the global risk from climate change at the expense of …

that emotional attachment and risk attitudes play important roles in the fertility-crime relationship. Finally, results for …

This paper exploits a large dataset of replications of the Holt and Laury (2002) risk elicitation task to study a … possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the … outcome reporting bias in the risk and gender literature. We find no evidence that the likelihood of reporting about gender …

with experience. We then reject increasing confidence in private information or learning about the structure of the …

We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …

. Learning played a major role in individuals achieving what was referred to as complete rationality. I draw on these ideas, and …