Part I, "A Broad Overview," details the evolution of Insurance-Linked Securities (ILS). Once considered to be an alternative form of risk transfer, ILS have become a mainstream method for transferring risk from insurers to the Capital markets.Parts II and II, to be released in late summer 2010,...

I explore how and and to what extent policy uncertainty can account for the observed long-run cross-country differences in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy-related investment cost is uncertain. Holding the...

I present a model economy where policy uncertainty creates short-term bias in investment and leads to a higher capital price and lower long-run investment and output. I conduct a calibration exercise using a set of industry-level investment data across countries. Between the lowest-income and...