In this paper we examine the effects of elastic information-processing capacity (or elastic attention) proposed in Sims (2010) on international consumption and income correlations in a tractable small open economy (SOE) model with exogenous income processes. We find that in the presence of...

Disclosure of information triggers immediate price movements, but it mitigates price movements at a later date, when the information would otherwise have become public. Consequently, disclosure shifts risk from later cohorts of investors to earlier cohorts. Hence, disclosure policy can be...

Online mutual aid (MA) is a novel form of risk sharing empowered by InsurTechto provide critical illness coverage without involving an insurer. By shifting from exante premium to ex post sharing, MA platforms regularly publicize the informationof confirmed loss cases to their participants,...