How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the … global risk shocks in a Bayesian Proxy VAR model. They cause a synchronized contraction of global economic activity and … illustrate through counterfactuals that the dollar appreciation amplifies the adverse impact of global risk shocks outside of the …

; analysis demonstrates the important role that risk plays in determining the mean and variabilityquot; of growth as well as the … between taxes and risk-taking we estimatequot; a reduced-form multinomial probit model of household portfolio choice using the …

demonstrates the important role that risk plays in determining the mean and variability" of growth as well as the conditions under … and risk-taking we estimate" a reduced-form multinomial probit model of household portfolio choice using the method of …