Why Does Risk Matter More in Recessions than in Expansions?

#expansion #recession #risk #uncertainty

Posts récents

Financial Institutions in the Face of the Environmental Emergency

The paper delves into the intertwining of financial institutions and environmental concerns, particularly climate change and biodiversity loss. It introduces a dual framework based on 'impact' and 'ri

Optimal insurance with mean-deviation measures

The paper explores optimal insurance contracts using decision makers' preferences, combining expected loss with a deviation measure like Gini coefficient or standard deviation. It reveals that using e

Consequences of Bank Stress Test Disclosures

“I show that, during a normal economic period, rather than having a disciplining effect, disclosure leads to banks increasing risk taking, consistent with banks facing pressure to offset the costs of