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Cesa-Bianchi, Ambrogio - 2014

The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics based on the premise that uncertainty causes economic activity to slow down and contract. In this paper, we study the...

Persistent link: https://www.econbiz.de/10013054500

War and military expenditure in developing countries and their consequences for development

Collier, Paul - In: The Economics of peace and security journal : Eps journal 1 (2006) 1, pp. 10-13

Persistent link: https://www.econbiz.de/10008649078

The economics of peace and war in the Chinese military classics

McCaffrey, Matthew - In: The Economics of peace and security journal : Eps journal 10 (2015) 1, pp. 23-31

Persistent link: https://www.econbiz.de/10010529313

Economic Policy Uncertainty, Trust and Inflation Expectations

Istrefi, Klodiana - 2013

Theory and evidence suggest that in an environment of well-anchored expectations, temporary news or shocks to economic variables, should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are...

Persistent link: https://www.econbiz.de/10013079863

The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty - Evidence from the US and the Euro Area

Altavilla, Carlo - 2013

This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...

Persistent link: https://www.econbiz.de/10012753184

Evaluation of Long-Dated Investments Under Uncertain Growth Trend, Volatility and Catastrophes

Gollier, Christian - 2021

increasing term structure for the risk premium. It also implies that, under the assumption that the cummulants of the … investment is larger than half of relative risk aversion. Another important consequence of parametric uncertainty is that the … risk premium is not proportional to the beta of the investment. We apply these general results to the case of an uncertain …

Persistent link: https://www.econbiz.de/10013315817