We assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as … analyze the changing dynamics that a EUBS brings about. We find that a EUBS can provide risk sharing by stabilizing relative …-spending shocks. Yet, since this trade-off between allocative efficiency and consumption risk sharing does not exist after certain …

We examine subjective risk premia implied by return expectations of individual investors and professionals for … excess returns suggest that objective risk premia vary countercyclically with business cycle variables and aggregate asset … valuation measures, subjective risk premia extracted from survey data do not comove much with these variables. This lack of …

methods provide better overall forecasting performance and offer more attractive risk profiles compared to individual, pooled …

the period of turmoil. We highlight risk attitude as an important selection mechanism, beyond education and other … economic times, (ii) that this risk preference was passed on to their children and (iii) that risk preference is correlated … with criminal participation. Maternal selection along risk preference might thus be an important mechanism explaining the …

proposing a novel news media-based measure of climate change transition risk and show that when such risk is high, major …