futures responded negatively to daily changes in the prediction market's expectations that the Waxman-Markey bill -- the US … legislation would reset the entire price and consumption path, unlike temporary supply or demand shocks that phase out over time …

between locations that vary in their perceived level of fire risk. The model allows us to infer the evolution of risk …We investigate the effects of wildfires on risk perceptions by quantifying the impact of severe wildfires on housing … analysis is based on a multi-dimensional characterization of the potential linkages between fire events and risk perceptions …

We propose several econometric measures of systemic risk to capture the interconnectedness among the monthly returns of … find that all four sectors have become highly interrelated over the past decade, increasing the level of systemic risk in … of market dislocation, and systemic risk arises from a complex and dynamic network of relationships among hedge funds …

world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …

countries with larger demand for some products at home tend to have larger sales of the same products abroad. In this paper, we … demand. We find that the correlation between predicted home demand and sales abroad is positive and greater than the … correlation between predicted home demand and purchases from abroad. In short, countries tend to be net sellers of the drugs that …

demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers … impact on collateral demand of more widespread initial margin requirements, increased novation of CDS to central clearing …-specialized types, and client clearing. Among other results, we show that system-wide collateral demand is increased significantly by …