robust model for small amounts of uncertainty and analyze the effect of robustness on optimal trading strategies and … liquidation costs. In particular, in our model ambiguity aversion is observationally equivalent to increased risk aversion. This …

We introduce a novel simulation-based network approach, which provides full-edged distributions of potential interbank … that time in general resilient to the default of large banks, i.e. did not exhibit substantial contagion risk. Even though …

to estimate Growth at Risk as introduced in Adrian, Boyarchenko, and Giannone's (2019) seminal paper "Vulnerable Growth …

Previous work suggests a general uncertainty surrounding the migration process acts as a barrier to outmigration. In … this paper, we argue that this barrier is exacerbated when relative economic policy uncertainty is higher in the target … migration from 12 European countries between 1997 and 2012 and test the premise that a higher relative uncertainty in the origin …

-)variance of power plant profits. If investors are risk-averse, these differ- ences lead to divergent investment portfolios …, breaking the equivalence of price- and quantity-based policy instruments under risk-neutrality. Using the European power sector … diversification value of these assets. Uncertainty about the stringency of carbon taxes leads to lower shares of fossil fuel assets …