Showing 1 - 10 of 106
Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the United States.
Persistent link: https://www.econbiz.de/10010725029
Loss aversion has been used to explain why a high equity premium might be consistent with plausible levels of risk … similarly to investors with high risk aversion. But if so, should these agents not perceive larger gains from international … diversification than standard expected-utility preference agents with plausible levels of risk aversion? They might not, because …
Persistent link: https://www.econbiz.de/10008636192
This paper is the first to document the presence of a private premium in public bonds. We find that spreads are 31 basis points higher for public bonds of private companies than for bonds of public companies, even after controlling for observable differences, including rating, financial...
Persistent link: https://www.econbiz.de/10010551296
We compare the inflation expectations reported by consumers in a survey with their behavior in a financially incentivized investment experiment designed such that future inflation affects payoffs. The inflation expectations survey is found to be informative in the sense that the beliefs reported...
Persistent link: https://www.econbiz.de/10009274483
Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong …
Persistent link: https://www.econbiz.de/10010724984
Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.
Persistent link: https://www.econbiz.de/10010724999
Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the United States.
Persistent link: https://www.econbiz.de/10010725008
Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan. …
Persistent link: https://www.econbiz.de/10010725049
Motivated by individuals' emotional response to risk at different time horizons, we model an 'anxious' agent--one who … is more risk averse with respect to imminent risks than distant risks. Such preferences describe well-documented features … structure of risk premia, which are found empirically. Since such preferences can lead to dynamic inconsistencies with respect …
Persistent link: https://www.econbiz.de/10010640517
The 1990s have seen astonishing growth in the stock market portfolios of Americans, which many have argued has been a major force behind the growth of consumer spending. This paper reviews the relationship between the stock market and the consumer. Using a variety of econometric techniques and...
Persistent link: https://www.econbiz.de/10005717211