We investigate the impact of exogenous income fluctuations on health using twenty years of data from the Panel Study of … Income Dynamics using techniques from the literature on the estimation of dynamic panel data models. Contrary to much of the … previous literature on health and socio-economic status, we find that, on average, adverse income shocks lead to a …

Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …