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uncertainty. The results dictate the role of uncertainty and volatility in structural models and we show they are consistent with … a simple extension of the long-run risk model …
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We study the pricing of shocks to uncertainty and volatility using a novel and wide-ranging set of options contracts …, these implications dictate the role of volatility in macroeconomic models …
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uncertainty. The results dictate the role of uncertainty and volatility in structural models and we show they are consistent with … a simple extension of the long-run risk model …
Persistent link: https://www.econbiz.de/10013224964
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