equilibriumvolatility and correlation risk premia. In our economy, uncertainty is linked to both firm-specific and market-wide signals …: Greatersubjective uncertainty or higher disagreement on the market-wide signal imply a larger correlation of beliefs, a strongerco …-movement of stock returns, and a substantial correlation risk premium generated by the endogenous optimal risksharingamong …

Chinas rasches Wirtschaftswachstum in der zurückliegenden Dekade ist eine Herausforderung für die ökonomische Analyse … gehören, nämlich den Daten zur Güterstruktur des Außenhandels. Hat sich China während der Transformation auf seine …

China’s rise drives a growing impact of China on economics. So far, this mainly works via theforce of example, but … liberal market economy. I relate this observation with the current revisionist viewon China’s economic history which has …

correlation affects the decision to acquire information.A unique data set on fishing site choice by mid-Atlantic clam fishermen is …

univariate time series. The tests do not require knowledge of the form ofserial correlation in the data and they are robust to … strong serial correlation. The data cancontain a unit root and the tests still have the correct size asymptotically. The …

This article defines correlation products andexplores the problems they raise for risk management systemsin financial … institutions. It explains the difficulties ofanalyzing nonseparable risk in one type of correlation product,the differential (diff …

to have had little direct effect on economic performance. There is found to be a strong and robust positive correlation … pre-colonial political systems were relatively decentralised. It is proposed that this correlation is the result of a …