uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify … Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

The coefficient of relative risk aversion (CRRA) is notoriously difficult to estimate. Recently, Barro and Jin (On the …

We analyze the relationship between the stance of Eurozone monetary policy and the implicit risk aversion in the … the U.S. Federal Reserve. Our results show that a lax monetary policy decreases risk aversion, bearing out the evidence …