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Instrumenting US monetary shocks with fed funds future contracts and extracting global risk sentiment from VIX, this …
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We estimate the long-term effects of start-up subsidies (SUS) for the unemployed on subjective outcome indicators of well-being, as measured by the participants' satisfaction in different domains. This extends previous analyses of the current German SUS program ("Gründungszuschuss") that...
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tractable macro-finance DSGE model that includes flood risk. We obtain solutions for optimal flood protection as a function of … these uncertainties, costs, and preferences regarding impatience, risk aversion and intertemporal substitution. Sea level …
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