of climate risks. This paper introduces a model of climate risk hedging and estimates that approximately three percent of …

stance. When decomposing the VIX into two components, a proxy for risk aversion and expected stock market volatility … ("uncertainty"), we find that a lax monetary policy decreases both risk aversion and uncertainty, with the former effect being …. The effect of monetary policy on risk aversion is also apparent in regressions using high frequency data …

We examine the existence of physical and transition climate risk premia in euro areaequity markets. To do so, we … develop two novel physical and transition risk indicators, basedon text analysis, which are then used to gauge the presence of … climate risk premia. Resultssuggest that climate risk premia for both, transition and physical climate risk, have …

This paper studies the effects of imperfect risk-sharing between lenders and borrowers on commercial property prices … enhance risk-sharing between lenders and borrowers reduce the magnitude of boom-bust cycles in real estate prices. We also …

by basic risk-arbitrage relationships. Employing GMM estimation and monthly data for 18 economies and the US (treated as …

crisis. We propose a macro-finance model featuring both traditional and shadow banks subject to funding risk. When banks are … dynamics. Increasing the supply of reserves reduces liquidity risk in the traditional banking sector, but fails to reach the …

differentials between bonds issued by EU countries and Germany or the USA contain risk premia which increase with the debt, deficit … credit risk, measured as the yield spread between low grade US corporate bonds and government bonds, also affects bond yield …