This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous … variation in risk aversion the early exposure to a massive earthquake. Using several waves of the Bank of Italy Survey of … Household Income and Wealth (SHIW), we find that individuals experiencing an earthquake become significantly more risk averse …

We study the effects on financial markets and real economic activity of changes in risk related to political events and … risk - political risk for short - in the context of Local Projections - IV. We show that shocks associated with the rise of … international spillover effects on the spreads of some other euro-zone countries. Finally, political risk shocks have a negative …