Search Results - subject:"distribution risk"

Bargaining Shocks and Aggregate Fluctuations

Drautzburg, Thorsten; Fernández-Villaverde, Jesús; … - 2021

We argue that social and political risk causes significant aggregate fluctuations by changing workers’ bargaining power. Using a Bayesian proxy-VAR estimated with U.S. data, we show how distribution shocks trigger output and unemployment movements. To quantify the aggregate importance of these...

Persistent link: https://www.econbiz.de/10012582052

Bargaining shocks and aggregate fluctuations

Drautzburg, Thorsten; Fernández-Villaverde, Jesús; … - 2021

We argue that social and political risk causes significant aggregate fluctuations by changing workers' bargaining power. Using a Bayesian proxy-VAR estimated with U.S. data, we show how distribution shocks trigger output and unemployment movements. To quantify the aggregate importance of these...

Persistent link: https://www.econbiz.de/10012495698

The great risk shift?: income volatility in an international perspective

Buch, Claudia M. - 2008

builds distribution risk into a real business cycle model, hypotheses on the determinants of the relative volatility of …

Persistent link: https://www.econbiz.de/10010264490

The Great Risk Shift? Income Volatility in an International Perspective

Buch, Claudia M. - CESifo - 2008

builds distribution risk into a real business cycle model, hypotheses on the determinants of the relative volatility …

Persistent link: https://www.econbiz.de/10005766236

Forecasting World Crop Yields as Probability Distributions

Ferris, John N. - International Association of Agricultural Economists - IAAE - 2006

Traditionally, agricultural forecasts, whether for the coming year or several years into the future, have been based on assumptions of normal weather and trend crop yields. That weather is seldom normal and that yields seldom fit trends are well recognized. However, relatively little attention...

Persistent link: https://www.econbiz.de/10005525325

Distribution Risk and Equity Returns

Danthine, Jean-Pierre; Donaldson, John B.; Siconolfi, Paolo - Départment d'économétrie et d'économie politique … - 2005

determinant of the return to equity. When both risks are calibrated to observations, this distribution risk dominates in …

Persistent link: https://www.econbiz.de/10005518823

Distribution Risk and Equity Returns

DANTHINE, Jean-Pierre; DONALDSON, John B.; SICONOLFI, Paolo - Swiss Finance Institute - 2005

determinant of the return to equity. When both risks are calibrated to observations, this distribution risk dominates in …Distribution Risk and Equity ReturnsJean-Pierre DANTHINEUniversity of Lausanne, FAME, CEPRJohn B. DONALDSONColumbia … equity. When both risks are calibrated to observations, this distribution risk dominates in importance the usual systematic …

Persistent link: https://www.econbiz.de/10005612051