Disaster risk and preference shifts in a New Keynesian model

DOI10.1016/J.JEDC.2017.04.001MaRDI QIDQ1655588zbMATH OpenOpenAlexFDO

Authors Marlène Isoré, Urszula Szczerbowicz

Publication date 9 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2017.04.001

zbMATH Keywords

asset pricingbusiness cyclesdisaster riskDSGE modelsrare eventsuncertainty

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• scientific article; zbMATH DE number 3900458
• Recent developments in modelling preferences under risk
• Learning about Rare Disasters: Implications For Consumption and Asset Prices*
• Expected utility and catastrophic risk in a stochastic economy-climate model
• The risk premium in New Keynesian DSGE models: the cost of inflation channel
• A theory of disasters and long-run growth
• Labor market search, endogenous disasters and the equity premium puzzle
• Buying insurance for disaster-type risks: Experimental evidence
• Risk preferences and the macroeconomic announcement premium

Cites work

• Consumer Demand and the Life-Cycle Allocation of Household Expenditures
• Disaster risk and preference shifts in a New Keynesian model
• Intertemporal substitution and equity premium
• On the size distribution of macroeconomic disasters
• Rare disasters and asset markets in the twentieth century
• Solution methods for models with rare disasters
• The Impact of Uncertainty Shocks
• Uncertainty shocks in a model of effective demand
• Variable rare disasters: an exactly solved framework for ten puzzles in macro-finance

Cited in

(10)

• News, disaster risk, and time-varying uncertainty
• Disaster risk and preference shifts in a New Keynesian model
• Poverty traps and disaster insurance in a bi-level decision framework
• Labor market search, endogenous disasters and the equity premium puzzle
• Learning about Rare Disasters: Implications For Consumption and Asset Prices*
• Do disaster expectations explain household portfolios?
• Risk premium shocks can create inefficient recessions
• The risk premium in New Keynesian DSGE models: the cost of inflation channel
• Monetary policy under natural disaster shocks
• Three reasons to price carbon under uncertainty: accuracy of simple rules

This page was built for publication: Disaster risk and preference shifts in a New Keynesian model

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1655588)