the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium. …

between temporary and permanent shocks. Our simulations suggest that uncertainty about the permanence of government …

the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium. …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … higher uncertainty of the income stream increases the precautionary savings motive of households. They have a desire to save …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … higher uncertainty of the income stream increases the precautionary savings motive of households. They have a desire to save …

depending on migrants origins and the type of assets. Understanding migrants' wealth and their perceived degree of assimilation …