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Rare Events and Long-Run Risks
Barro, Robert J. - 2020
historical episodes, such as world wars and depressions and analogous country-specific events. LRR reflects gradual processes …
Persistent link: https://www.econbiz.de/10012854524
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Tractable rare disaster probability and options-pricing
Barro, Robert J.; Liao, Gordon Y. - 2019
We derive an option-pricing formula from recursive preference and estimate rare disaster probability. The new options-pricing formula applies to far-out-of-the money put options on the stock market when disaster risk dominates, the size distribution of disasters follows a power law, and the...
Persistent link: https://www.econbiz.de/10012182396
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Inflation and economic growth
Barro, Robert J. - In: Annals of economics and finance 14 (2013) 1, pp. 85-109
Persistent link: https://www.econbiz.de/10009756948
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Inequality and growth in a panel of countries
Barro, Robert J. - In: Journal of economic growth 5 (2000) 1, pp. 5-32
Persistent link: https://www.econbiz.de/10001481616
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Inequality, growth, and investment
Barro, Robert J. - 1999
Persistent link: https://www.econbiz.de/10001378369
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Inequality, growth, and investment
Barro, Robert J. - In: Inequality and tax policy, (pp. 1-38). 2001
Persistent link: https://www.econbiz.de/10001670199
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World Interest Rates and Investment
Barro, Robert J. - 1991
rates - is determined to equate the world aggregate of investment demand to the world aggregate of desired national saving …In a world of integrated capital markets, the price of credit - which I measure by short-term expected real interest …. I implement this approach empirically by approximating the world by aggregates for ten major developed countries. For …
Persistent link: https://www.econbiz.de/10012475144
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World Interest Rates and Investment
Barro, Robert J. - 2022
rates — is determined to equate the world aggregate of investment demand to the world aggregate of desired national saving …In a world of integrated capital markets, the price of credit — which I measure by short-term expected real interest …. I implement this approach empirically by approximating the world by aggregates for ten major developed countries. For …
Persistent link: https://www.econbiz.de/10013309346
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Rare Disasters, Asset Prices, and Welfare Costs
Barro, Robert J. - In: American Economic Review 99 (2009) 1, pp. 243-64
A representative-consumer model with Epstein-Zin-Weil preferences and i.i.d. shocks, including rare disasters, accords with observed equity premia and risk-free rates if the coefficient of relative risk aversion equals 3-4. If the intertemporal elasticity of substitution exceeds one, an increase...
Persistent link: https://www.econbiz.de/10004999884
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Rare macroeconomic disasters
Barro, Robert J.; Ursúa, José F. - In: Annual review of economics 4 (2012), pp. 83-109
Persistent link: https://www.econbiz.de/10009692757