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The ability of institutions to effectively manage and aggregate risk-related data is an essential precondition for … sound decision-making and strong risk governance. This applies to any data used to steer and manage institutions, both … strategically and operationally, as well as data used for risk, financial and supervisory reporting. …
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This paper analyses the predictive power of market-based and survey-based inflation expectations for actual inflation. We use the data on inflation swaps and the forecasts from the Survey of Professional Forecasters for the euro area and the United States. The results show that both market-based...
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I study rollover risk in the wholesale funding market when intermediaries can hold liquidity ex-ante and are subject to …
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In this paper, we investigate the presence of non-linearities in the transmission of geopolitical risk (GPR) shocks …
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, being subject to higher unemployment risk, contract consumption more in response to heightened uncertainty, and firms that …
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In this paper we investigate the effects of uncertainty shocks on economic activity in the euro area by using a Dynamic Stochastic General Equilibrium (DSGE) model with heterogenous agents and a stylized banking sector. We show that frictions in credit supply amplify the effects of uncertainty...
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