Showing 1 - 10 of 55
a regression model with two-way fixed effects to quantify how easement land share impacts yields, risk, as well as acres …
Persistent link: https://www.econbiz.de/10013334375
Irrigation in the Eastern US receives little attention compared to the West, but farmers in humid states of the US, traditionally reliant on rainfall, have more than tripled irrigation since 1978. We examine this trend in Illinois where there has been a nearly threefold increase in center pivot...
Persistent link: https://www.econbiz.de/10013210121
In the face of rising climate risk, financial institutions may adapt by transferring such risk to securitizers that … to climate risk may be a drop in the ocean of cash flows. This paper builds a data set of the entire securitization chain … optimal deals by finding the portfolio weights in an asset demand system that targets return and risk. Extrapolating wildfire …
Persistent link: https://www.econbiz.de/10014512098
bonds, greater risk-bearing capacity in the U.S. than the rest of the world, and nominal rigidities. A flight to safety … generates a dollar appreciation and decline in global output. Dollar bonds thus command a negative risk premium and the U ….S. holds a levered portfolio of capital financed in dollars. We quantify the effects of safety shocks and heterogeneity in risk …
Persistent link: https://www.econbiz.de/10012629458
their indirect exposure to this risk, and their socially constructed responsibility to manage family well-being. To fill … that it directly addresses women's risk and is sold in units that are commensurate with women's expenditure … insurance (without subsidy), compared to only 13\% of previously subsidized households offered insurance under the standard male-risk …
Persistent link: https://www.econbiz.de/10014337871
Risk often inhibits on-farm investment by smallholder farmers. Recent evidence indicates that index insurance and … stress tolerant seeds can separately and partially offset this risk effect. In this study, we explore whether the … complementarities between these two risk management technologies can be harnessed to underwrite a resilient, high productivity small …
Persistent link: https://www.econbiz.de/10012629454
Policies aimed at raising agricultural productivity have been a centerpiece in the fight against global poverty. Their impacts are often measured using field or quasi-experiments that provide strong causal identification, but may be too small-scale to capture the general equilibrium (GE) effects...
Persistent link: https://www.econbiz.de/10013477196
We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions, and find adding financial frictions roughly doubles the impact of uncertainty shocks. Higher uncertainty alongside financial frictions induces the standard real-options...
Persistent link: https://www.econbiz.de/10011895833
Uncertainty is a ubiquitous concern emphasized by policymakers. We study how uncertainty affects decision-making by the Federal Open Market Committee (FOMC). We distinguish between the notion of Fed-managed uncertainty vis-a-vis uncertainty that emanates from within the economy and which the Fed...
Persistent link: https://www.econbiz.de/10014436980
In this paper we study the neoclassical growth model with idiosyncratic income risk and aggregate risk in which risk … pay off depending on both idiosyncratic and aggregate risk, but limited commitment rules out that households sell these … conditions under which it has lower/higher risk premia than the corresponding representative agent version of the model …
Persistent link: https://www.econbiz.de/10014437034