riskiness of counter parties and issuers is endogenous to the central bank's credit policies and related risk control framework …

Recent interest in 'Risk Management' has highlighted the relevance of Bayesian analysis for robust monetary …

Using regionally disaggregated data on economic activity, we show that risk sharing plays a key role in shaping the … real effects of monetary policy. With weak risk sharing, monetary policy shocks trigger a strong and durable response in … output. With strong risk sharing, the response is attenuated, and output reverts to its initial level over the medium term …

for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal …, from the perspective of Austrian business cycle theory, interest rates were step by step decreased by central banks to … nihilo and the need of time to produce capital invalidates the IS identity assumed in the Keynesian theory to hold …

. For this purpose, it first extends the estimation of risk-neutral probability density functions up to tick frequency. In …