) of the risk lies outside of the financial markets, then it should be insulated from the vagaries of those markets. The … book identifies and examines such and other unique, idiosyncratic, and difficult to replicate sources of risk - assets and … alternative alternative assets and strategies offer a risk-return profile that is distinct to those offered by traditional and …

countercyclical idiosyncratic labor and asset risk. We derive conditions under which the aggregate allocations and price system can be … policy in a new Keynesian economy with uninsured countercyclical individual risk. The optimal monetary policy that emerges … at zero. -- uninsured risk ; sticky prices ; optimal monetary policy …