Narrow search
Showing 1 - 10 of 197,512
Cover Image
The side effects of safe asset creation
Acharya, Sushant; Dogra, Keshav - 2018
interest rate environment. Higher risk increases the demand for safe assets, lowering the natural rate of interest below zero …
Persistent link: https://www.econbiz.de/10011806268
Cover Image
Safe assets : a review
Golec, Pascal; Perotti, Enrico C. - 2017
maturity races, information sensitivity, risk-intolerant debt and induced runs reinforce the liquidity risk externality …
Persistent link: https://www.econbiz.de/10011637030
Cover Image
The fundamentals of safe assets
Habib, Maurizio Michael; Stracca, Livio; Venditti, Fabrizio - 2020
changes in global risk (VIX). We find that inertia (whether the bond behaved as a safe asset in the past) and good … on whether the change in global risk is driven by financial shocks rather than by US monetary policy. …
Persistent link: https://www.econbiz.de/10012138612
Cover Image
The fundamentals of safe assets
Habib, Maurizio Michael; Stracca, Livio; Venditti, Fabrizio - In: Journal of international money and finance 102 (2020), pp. 1-17
Persistent link: https://www.econbiz.de/10012392313
Cover Image
The safety trap
Caballero, Ricardo J.; Farhi, Emmanuel - In: The review of economic studies 85 (2018) 1, pp. 223-274
Persistent link: https://www.econbiz.de/10011921249
Cover Image
Bond premium cyclicality and liquidity traps
Caramp, Nicolas; Singh, Sanjay R. - In: The review of economic studies : RES 90 (2023) 6, pp. 2822-2879
Persistent link: https://www.econbiz.de/10014427650
Cover Image
Optimal inflation target with expectations-driven liquidity traps
Coyle, Philip; Nakata, Taisuke - 2019 - This draft: April 2019
In expectations-driven liquidity traps, a higher inflation target is associated with lower inflation and consumption. As a result, introducing the possibility of expectations-driven liquidity traps to an otherwise standard model lowers the optimal inflation target. Using a calibrated New...
Persistent link: https://www.econbiz.de/10012181161
Cover Image
Demand for Crash Insurance, Intermediary Constraints, and Risk Premia in Financial Markets
Chen, Hui - 2019
We propose a new measure of financial intermediary constraints based on how the intermediaries manage their tail risk … our measure is associated with increasing option expensiveness, higher risk premia for a wide range of financial assets …
Persistent link: https://www.econbiz.de/10012905688
Cover Image
Demand for Crash Insurance, Intermediary Constraints, and Risk Premia in Financial Markets
Chen, Hui - 2019
We propose a new measure of financial intermediary constraints based on how the intermediaries manage their tail risk … with increasing option expensiveness, higher risk premia for a wide range of financial assets, deterioration in funding …
Persistent link: https://www.econbiz.de/10012891794
Cover Image
Macro-finance decoupling : robust evaluations of macro asset pricing models
Cheng, Xu; Dou, Winston Wei; Liao, Zhipeng - In: Econometrica : journal of the Econometric Society, an … 90 (2022) 2, pp. 685-713
Persistent link: https://www.econbiz.de/10013190093