Recent interest in "Risk Management"has highlighted the relevance of Bayesian analysis for robust monetary …

Theorems. Subsequently, we explore the gap between the normal distribution and financial risk. This can be traced to a failure …

This article discusses the need for climate change risk mitigation and why it is not the responsibility of Central … Banks to mitigate climate change risk. The paper argues that the responsibility for managing climate change risk should lie …

Recent interest in 'Risk Management' has highlighted the relevance of Bayesian analysis for robust monetary …

We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism … their conditional distributions. In particular, the model matches the key stylized facts of growth at risk. Accounting for …

We address the question to what extent a central bank can de-risk its balance sheet by unconventional monetary policy … operations. To this end, we propose a novel risk measurement framework to empirically study the time-variation in central bank … generated beneficial risk spill-overs across monetary policy operations, causing overall risk to be nonlinear in exposures. Some …