and the downside stock market excess return. Our results also suggest that stock market risk is somewhat segmented from FX … market risk …

This study investigates the implications of risk premium shocks for aggregate fluctuations in a small open economy with …. There is also a government sector in the economy that borrows domestically with a partial default risk. In order to … compensate the lenders for the default risk included in the government bonds, the government has to offer them some risk premium …

This study investigates the implications of risk premium shocks for aggregate fluctuations in a small open economy with …. There is also a government sector in the economy that borrows domestically with a partial default risk. In order to … compensate the lenders for the default risk included in the government bonds, the government has to offer them some risk premium …

, which might lead to increased legal risk. All types of US forward-looking disclosure appear to convey relevant new …

In this paper, we revisit the conventional view on efficient risk sharing that advance information on future shocks is … detrimental to welfare. In our model, risk-averse agents receive private and public signals on future income realizations and … signals are informative. In this case, we show that better public information can improve the allocation of risk when private …