process. As suggested here, doing so transforms policy formulation from an exercise in reverse engineering to one of risk …

can decelerate growth in the absence of any level shocks. In contrast to level risk, which is always welfare reducing for … a risk-averse household, volatility risk can increase or decrease welfare, depending on model parameters. When … calibrated to U.S. data, the model finds that the welfare cost of volatility risk is largely negligible under plausible model …

information technologies as well as modern tactics of terrorism make the public of any nation in exposure, directly and indirectly … the media. Both responsibility and rationality are fundamental weights for the effectiveness of risk communication during … public, through the media, the risk of terrorist attacks by the Islamic State of Iraq and the Levant (ISIL) against their …