Related Books
Language: en
Pages: 64
Pages: 64
Type: BOOK - Published: 2019 - Publisher:
Financial crises appear to have long-lasting effects, even after the crisis itself has past. This paper offers a simple explanation through Bayesian learning fr
Language: en
Pages: 35
Pages: 35
Type: BOOK - Published: 2016 - Publisher:
We incorporate joint learning about state and parameter into a consumption-based asset pricing model with rare disasters. Agents are uncertain whether a negativ
Language: en
Pages: 34
Pages: 34
Type: BOOK - Published: 2014-11-15 - Publisher: CreateSpace
In this study, we examine how learning about disaster risk affects asset pricing in an endowment economy. We extend the literature on rare disasters by allowing
Language: en
Pages:
Pages:
Type: BOOK - Published: 2013 - Publisher:
Language: en
Pages: 0
Pages: 0
Type: BOOK - Published: 2011 - Publisher: