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The tail that wags the economy : beliefs and persistent stagnation

Kozlowski, Julian; Veldkamp, Laura; Venkateswaran, Venky - In: Journal of political economy 128 (2020) 8, pp. 2839-2879

Persistent link: https://www.econbiz.de/10012418007

The tail that keeps the riskless rate low

Kozlowski, Julian; Veldkamp, Laura; Venkateswaran, Venky - In: NBER macroeconomics annual 33 (2018), pp. 253-283

Persistent link: https://www.econbiz.de/10012321711

Exposure to the COVID-19 stock market crash and its effect on household expectations

Hanspal, Tobin; Weber, Annika; Wohlfart, Johannes - 2020

We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations about retirement age, desired working hours, and household debt, but have...

Persistent link: https://www.econbiz.de/10012223788

The tail that keeps the riskless rate low

Kozlowski, Julian; Veldkamp, Laura; Venkateswaran, Venky - 2018

Persistent link: https://www.econbiz.de/10011813991

Equity capital, bankruptcy risk and the liquidity trap

Levintal, Oren - 2012

This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in … long time. -- liquidity trap ; financial crisis ; rare disasters ; equity capital ; leverage ; bankruptcy risk …

Persistent link: https://www.econbiz.de/10009535806

The divergence of liquidity commonality in the cross-section of stocks

Kamara, Avraham; Lou, Xiaoxia; Sadka, Ronnie - In: Journal of financial economics 89 (2008) 3, pp. 444-466

Persistent link: https://www.econbiz.de/10003777836

International stock market liquidity

Stahel, Christof W. - 2004

Persistent link: https://www.econbiz.de/10003550231

Liquidity shocks and stock market reactions

Bali, Turan G.; Peng, Lin; Shen, Yannan; Tang, Yi - In: The review of financial studies 27 (2014) 5, pp. 1434-1485

Persistent link: https://www.econbiz.de/10010370791

Scenario analysis with the DD-PD mapping approach : stock market shocks and U.S. corporate default risk

Chan-Lau, Jorge A. - 2021

This paper introduces the quantile regression- based Distance-to-Default to Probability of Default (DD-PD) mapping, which links individual firms' DD to their real world PD. Since changes in the DD depend on a handful of parameters, the mapping easily accommodates shocks arising from quantitative...

Persistent link: https://www.econbiz.de/10012613371

Scenario Analysis with the DD-PD Mapping Approach : Stock Market Shocks and U.S. Corporate Default Risk

Chan-Lau, Jorge A. - 2021

This paper introduces the quantile regression- based Distance-to-Default to Probability of Default (DD-PD) mapping, which links individual firms’ DD to their real world PD. Since changes in the DD depend on a handful of parameters, the mapping easily accommodates shocks arising from...

Persistent link: https://www.econbiz.de/10013222017