uncertainty. In this paper, we explore monetary policy decision-making under risk and uncertainty within an insurance model with … to take better monetary policy decisions than single policy-makers. We also show that, in the presence of risk and search … practice, whether a monetary policy committee sufficiently hedges against this risk, may depend on several factors such as the …

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 …

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 …

We use a DSGE model that generates endogenous movements in risk premia to examine the positive and normative … implications of alternative monetary policy rules. As emphasized by the micro-finance literature, variation in risk arises because … portfolios infrequently. We show that the model can account for the mean returns on equity and the risk-free rate, and in line …

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 …