their ability to predict future economic growth in some countries. Our results support a risk-based explanation for the …

We test for the pricing of exchange rate and foreign inflation risk in equities. Our tests are motivated by the … Adler and Dumas (1983). Both exchange rate and foreign inflation risk factors can explain part of the within-country cross …-sectional variation in returns. Our results have important implications for hedging exchange rate risk. They also demonstrate that home …

What costs is it worth incurring to avoid the risk of climate change? People rarely think of this as a question … are (1) the probability distribution of the effects of climate change, (2) the degree to which we are risk averse, (3) the …

asset pricing literature has focused on the association between systematic risk and return. We document the presence of a …