We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model … provides an excellent fit for the mortality and survival curves for both primate and human populations since 1816. The model … mortality gradients across socio-economic statuses, (ii) non-monotonic dynamic effects of in-utero shocks, (iii) persistent or …

This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests … Blanchard''s (1985) ""perpetual youth"" model as a special, though perhaps not realistic, case. With age specific mortality … replicate the empirical relation between age and mortality. The comparative implications for deficit finance are also examined …

develop a macro-financial structural model with two novel features. First, we include idiosyncratic and aggregate risk in a …

relations between solvency shocks and liquidity shocks. These relations are then used to model liquidity and solvency risk in a …. We define the concept of 'Liquidity at Risk', which quantifies the liquidity resources required for a financial …

The analysis of interconnectedness and contagion is an important part of the financial stability and risk assessment of …

sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback e … explore this causal nexus and the e?ects of rare large disasters resulting in capital losses and rising risk premia. Our …

vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk …

time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …