Risk pooling, intermediation efficiency, and the business cycle

DOI10.1016/J.JEDC.2022.104500MaRDI QIDQ2102858OpenAlexFDO

Authors Pietro Dindo, Andrea Modena, Loriana Pelizzon

Publication date 12 December 2022

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.2022.104500

zbMATH Keywords

efficiencybusiness cycleamplificationrisk poolingdampeningrestricted market participation

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Recommendations

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• Business-cycle consumption risk and asset prices
• Contagion and risk-sharing on the inter-bank market

Cites work

• scientific article; zbMATH DE number 1325009 (Why is no real title available?)
• A law of large numbers for large economies
• A model of capital and crises
• Continuous-time stochastic control and optimization with financial applications
• Do banking shocks matter for the U.S. Economy?
• Incomplete-market dynamics in a neoclassical production economy
• Leverage as a predictor for real activity and volatility
• Stationary Markov Equilibria
• Stochastic differential equations. An introduction with applications.
• The real consequences of financial stress
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• The role of bank capital in the propagation of shocks

Cited in

(3)

• Financial intermediary capital
• Financial cycles with heterogeneous intermediaries
• Capital risk, fiscal policy, and the distribution of wealth

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