Energy technologies emitting differing proportions of methane and carbon dioxide vary in their relative climate impacts over time, due to the different atmospheric lifetimes of the two gases. Standard technology comparisons using the global warming potential (GWP) emissions equivalency metric do...

Effective risk control must make a tradeoff between the microprudential risk of exogenous shocks to individual institutions and the macroprudential risks caused by their systemic interactions. We investigate a simple dynamical model for understanding this tradeoff, consisting of a bank with a...

We empirically study the market impact of trading orders. We are specifically interested in large trading orders that are executed incrementally, which we call hidden orders. These are reconstructed based on information about market member codes using data from the Spanish Stock Market and the...