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sector as might be expected. The asset covariance and the labor risk correlation, especially the working location of the …. Moreover, a effective hedge for the income risk is not possible in most of the observed scenarios. -- Protection ; Portfolio … Choice ; Risk Diversication ; Income Risk …
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Transparency has become an almost universal virtue among central banks. The paper tests empirically, for the case of the Federal Reserve, two hypotheses about central bank transparency derived from the debate of Morris and Shin (2002) and Svensson (2006). First, the paper finds that the...
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A crucial but often ignored element of inflation expectations is the amount of perceived inflation risk. This paper …
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