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De Paoli, Bianca; Zabczyk, Pawel - 2012

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The transmission of monetary policy operations through redistributions and durable purchases

Sterk, Vincent; Tenreyro, Silvana - 2013

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The impact of uncertainty and inflation variability on aggregate production and investment in New Zealand. 1961-1979

Dick, R. Rodney - 1982

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Portfolio allocation and international risk sharing

Benigno, Gianluca; Küçük-Tuger, Hande - 2011

Recent contributions have shown that it is possible to account for the so-called consumptionreal exchange anomaly in models with goods market frictions where international asset trade is limited to a riskless bond. In this paper, we consider a more realistic international asset market structure...

Persistent link: https://www.econbiz.de/10008988794

Empirical evidence on the dynamics of investment under uncertainty in the U.S.

Haque, Qazi; Magnusson, Leandro M.; Tomioka, Kazuki - 2019

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Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household … show that in a standard incomplete-markets life-cycle model, first, higher-order risk has sizable welfare implications …

Persistent link: https://www.econbiz.de/10012215285