demanding monetary strategy, in terms of lower tolerance for output and inflation gaps, entails less robustness against … leads to a smaller loss of robustness than taking into account the effect of financial imbalances on the economy. However … including financial imbalances in the monetary policy objective does not necessarily increase policy robustness, and may even …

dividends next period as ambiguous. We calibrate the agent's ambiguity aversion to match only the first moment of the risk …

This paper decomposes the risk premia of individual stocks into contributions from systematic and idiosyncratic risks … 80% of the equity and variance risk premia, respectively. I provide a categorization of sectors based on the risk profile …