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What was the market's view of U.K. monetary policy? Estimating inflation risk and expected inflation with indexed bonds

Remolona, Eli M.; Wickens, Michael R.; Gong, Frank F. - Federal Reserve Bank of New York - 1998

A measure of the credibility of monetary policy is the inflation risk premium in nominal yields. This will be time …. We estimate these risk premia using a generalized CIR affine-yield model, with one factor driving the real term structure … structure of the corresponding nominal yields. Our estimates show that the inflation risk premium contributes on average about …

Persistent link: https://www.econbiz.de/10005420674

Transport Energy Security. The Unseen Risk?

Fisk, David - Fondazione ENI Enrico Mattei (FEEM) - 2004

framework now looks more problematic, at least for oil supplies. The underlying level of risk that characterised the oil market …

Persistent link: https://www.econbiz.de/10005423058

Comparative Dynamics in Health Economics: Some Useful Results

Johansson, Per-Olov; Löfgren, Karl-Gustav - Economics Institute for Research (SIR), … - 1994

In analysis of atemporal models, comparative statics experiments are typically carried out, often employing envelope properties, such as Roy's identity, Hotelling's lemma and Shephard's lemma, in order to simplify the analysis. In analysis of dynamic models, such experiments are seldom...

Persistent link: https://www.econbiz.de/10005423796

Risk Management in the Clean Development Mechanism (CDM) – The Potential of Sustainability Labels

Muller, Adrian - Nationalekonomiska institutionen, Handelshögskolan - 2006

also serve as a business risk-hedging tool. The existing labels for the CDM are not comprehensive enough, however. A two …

Persistent link: https://www.econbiz.de/10005423913

Stochastische Unternehmensmodelle als Kern innovativer Ratingsysteme

Blum, Ulrich; Gleißner, Werner; Leibbrand, Frank - Institut für Wirtschaftsforschung Halle (IWH) - 2005

to meet their financial obligations. It is based on classical financial-statement approach, a direct inclusion of risk …

Persistent link: https://www.econbiz.de/10005426756

Prognose des CO2-Zertifikatepreisrisikos

Dannenberg, Henry; Ehrenfeld, Wilfried - Institut für Wirtschaftsforschung Halle (IWH) - 2008

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …

Persistent link: https://www.econbiz.de/10005426774

Stochastic Volatility and time Deformation: an Application of trading Volume and Leverage Effects.

Ghysels, E.; Jasiak, J. - Département de Sciences Économiques, Université de … - 1994

Persistent link: https://www.econbiz.de/10005731917

Using Ex-ante Payments in Self-Enforcing Risk-Sharing Contracts.

Gauthier, C.; Poitevin, M. - Département de Sciences Économiques, Université de … - 1994

Persistent link: https://www.econbiz.de/10005731931

Risk Aversion in Bargaining: an Experimental Study.

Murnigham, J.K.; Roth, A.E.; Schoumaker, F. - Département de Sciences Économiques, Université de … - 1985

Ce Document Presente Trois Experiences Faites Pour Tester les Predictions des Principaux Modeles de la Theorie des Jeux Qui Analysent les Consequences de L'attitude Envers le Risque Sur L'issue de la Negociations. les Resultats Confirment Modestement les Predictions de Ces Modeles. Ils Suggerent...

Persistent link: https://www.econbiz.de/10005731957

Induced Preferences, Non Additive Probabilities and Multiple Priors.

Kelsey, D.; Milne, F. - Department of Economics, University of Birmingham - 1996

We study a decision-maker who follows the Savage axioms. We show that if s(he) is able to take unobservable actions which influence the probabilities of outcomes then it can appear to an outsider as if his/her subjective probabilities are non-additive. Implications for multi-period decisions are...

Persistent link: https://www.econbiz.de/10005738229