involuntary or accidental. Moreover, parameter estimates using subjective mortality risk perform better in predicting out … influenced more strongly by individual-level beliefs about mortality risk than by group level mortality risk …

Following the textbook C-CAPM, the consumption risk of an asset is typically measured as the contemporaneous covariance … of the marginal utility of consumption and the return on that asset. When measured this way, consumption risk is too … central insight of the C-CAPM - that consumption risk determines returns - but take the model less literally by allowing the …

We study international currency risk in a two-country dynamic stochastic general equilibrium model under incomplete … markets. The underlying sources of risk are direct shocks to productivity growth, shocks to a long-run risk component of …-run risk and stochastic volatility shocks have the interpretation of aggregate demand shocks. Cross-country heterogeneity in …

their empirical counterparts. Our findings suggest that time-varying disaster risk and the many types of uncertainty shocks …

We investigate the effects of wildfires on risk perceptions by quantifying the impact of severe wildfires on housing … between locations that vary in their perceived level of fire risk. The model allows us to infer the evolution of risk … analysis is based on a multi-dimensional characterization of the potential linkages between fire events and risk perceptions …

parameter estimates, especially those that affect the risk of a black swan, explain most of the shocks to uncertainty …

studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …