consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk … that the full risk sharing equilibrium may not require much diversification of equity portfolios when there is price …

concerns about crypto assets been picked up in systemic risk assessment, and what can be done going forward? In this paper, we …, we propose a country-level Crypto-Risk Assessment Matrix (C-RAM) to summarize the main vulnerabilities, useful indicators … weave in specific vulnerabilities stemming from crypto asset activity into their assessment of systemic risk, and how they …

climate risk analysis …

risk events driven by climate change, rather than just individual extreme events, to better understand financial stability …

climate mitigation, and the direction of the risk is identified through manual labels. The documented risk premium indicates …

building a dynamic stochastic general equilibrium model linked to global climate and a catastrophe risk model specifically for … drawing strong conclusions about the relevance of climate risk, as the model focused only on typhoons' physical capital …

Using a comprehensive drought measure and a panel autoregressive distributed lag model, the paper finds that worsening … drought conditions can result in long-term scarring of real GDP per capita growth and affect long-term price stability in … productivity and slower investment are key channels through which drought impacts economic growth in FCS. In a high emissions …