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Export decision under risk

Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2016

of export shares from the most to the least productive incumbents. Greater skewness of the demand distribution and …

Persistent link: https://www.econbiz.de/10011547934

The risk-adjusted carbon price

Bremer, Ton S. van den; Ploeg, Frederick van der - 2019

We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that incorporates the effects of uncertainties associated with climate and the economy from a calibrated DSGE model. We allow for different aversions to risk and intertemporal fluctuations,...

Persistent link: https://www.econbiz.de/10011996310

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

Persistent link: https://www.econbiz.de/10012219120

Modeling and forecasting macroeconomic downside risk

Delle Monache, Davide; De Polis, Andrea; Petrella, Ivan - 2020

Persistent link: https://www.econbiz.de/10012253930

Earnings dynamics in Germany

Pessoa, Ana Sofia - 2021

This paper documents earnings dynamics over the life-cycle and income level using a large administrative database from German tax records. I find that labor earnings display important deviations from the typical assumptions of linearity and normality. For the bottom earners, large income changes...

Persistent link: https://www.econbiz.de/10012534545

Uncertainty, skewness, and the business cycle through the midas lens

Castelnuovo, Efrem; Mori, Lorenzo - 2022

uncertainty and skewness. Embedding these measures in a VAR framework, we show that unexpected changes in uncertainty are … associated with an increase in (left) skewness and a downturn in real activity. Empirical findings related to VAR impulse … response of skewness to uncertainty shocks shows that skewness substantially amplifies the recessionary effects of uncertainty. …

Persistent link: https://www.econbiz.de/10013440379