policy rules on macro variability. The approach allows for non-Gaussian shock distributions and non-linear underlying …

We estimate a DSGE model where rare large shocks can occur, but replace the commonly used Gaussian assumption with a …

Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …