We study an economy subject to recurrent disasters when agents have imprecise information about the frequency and …. Agents alter their optimal investment and consumption more intensely relative to the full information benchmark, and the … full information and pay less for insurance against the next disaster …

a stochastic clock into a standard disaster model that summarizes information about progress (positive or negative … identify the welfare gain to interventions that alter the state. Using information on clinical trial progress during 2020, we …

paper attempts to quantify the problem. Using news reflected in the stock market as a benchmark for public information, we … report evidence of significant incremental information revelation in the credit default swap (CDS) market under circumstances … consistent with the use of non-public information by informed banks. Specifically, the information revelation occurs only for …

the absence of asymmetric information or fears about the value of the collateral. Three features of the model are …

paper attempts to quantify the problem. Using news reflected in the stock market as a benchmark for public information, we … report evidence of significant incremental information revelation in the credit default swap (CDS) market under circumstances … consistent with the use of non-public information by informed banks. Specifically, the information revelation occurs only for …

We study an economy subject to recurrent disasters when agents have imprecise information about the frequency and …. Agents alter their optimal investment and consumption more intensely relative to the full-information benchmark, and the … full information and pay less for insurance against the next disaster …