) tightness of monetary policy to examine its influence on equity and money market flows. In line with a powerful risk …

capital gain, the return on capital and the interest rate. An optimal debt ratio is derived where the drift is probabilistic … asset. The vulnerability of the borrowing firm to shocks from the capital gain, the return to capital or the interest rate …

A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price … stochastic optimal control (SOC)/dynamic risk management is a much more effective approach to determine the optimal degree of … leverage, the optimum and excessive risk and the probability of a debt crisis. The theoretically founded early warning signals …

) tightness of monetary policy to examine its influence on equity and money market flows. In line with a powerful risk …

A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price … stochastic optimal control (SOC)/dynamic risk management is a much more effective approach to determine the optimal degree of … leverage, the optimum and excessive risk and the probability of a debt crisis. The theoretically founded early warning signals …

capital gain, the return on capital and the interest rate. An optimal debt ratio is derived where the drift is probabilistic … asset. The vulnerability of the borrowing firm to shocks from the capital gain, the return to capital or the interest rate …

The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying … alternative options, choosing parameters on basis of the very limited evidence. The distribution of rates of return appears … positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …

the magnitude of the optimal paygo program and the nature of the underlying risk sharing effects are very sensitive to the … chosen combination of risk concepts and stochastic specification of long run aggregate wage income growth. In an additive way … we distinguish between the pooling of wage and capital risks within periods and two different intertemporal risk sharing …

Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …

From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive … has roots in fundamentals. Higher market risk predicts greater idiosyncratic earnings volatility as well as dispersion and …