Board of Governors of the Federal Reserve System (U.S.)Finance and Economics Discussion SeriesGuvenen, Fatih, Ozkan, Serder and Song, Jae (2013), "The nature of countercyclical income risk", university of Minne
Ozkhan, and J. Song. 2014. “The Nature of Countercyclical Income Risk.” Journal of Political Economy 122 (3): 621–60. https://doi.org/10.1086/675535. (Open in a new window)Web of Science ®(Open in a new window)Google Scholar...
Guvenen, F., Ozkan, S., Song, J.: The nature of countercyclical income risk. J. Polit. Econ. 122(3), 621–660 (2014b) Article Google Scholar Hendry, D.F.: Dynamics Econometrics. Oxford University Press, Oxford (1995) Book Google Scholar Jäntti, M., Jenkins, S.P.: The impa...
A major element of the post-GFC policy reform agenda was the formalisation of the macroprudential framework, both domestically and internationally. This came with the introduction of new tools, such as countercyclical capital and additional buffer requirements for systemically important institutions. Togethe...
Nature Climate Change volume 9, pages 829–833 (2019)Cite this article 7024 Accesses 216 Altmetric Metrics details Abstract Recent evidence suggests that climate change will significantly affect economic growth and several productive elements of modern economies, such as workers and land1,2,3,4. ...
The truth is that sovereignty exists on a spectrum and no country is fully sovereign. The nature of financial markets involves counterparty risk and a degree of reliance on others to achieve certain things. The government relies on the non government to mobilize the resources that make its spendi...
In this study, spectral Granger causality analysis is employed to investigate the spectral dynamics of uncertainty transmission and its impact on economic growth and financial development in Saudi Arabia from 1993 to 2020. We examine the relationships between crude oil volatility, geopolitical risk, glob...
That said, the nature of a recession or downturn can have surprising effects on normally defensive holdings. For example, a severe recession can weigh on even the most defensive stocks as investors pivot to even lower-risk investments such as bonds or cash until the dust settles. Examples of ...
The first finding is that the nature of each crisis is completely different because the main force of contraction during the GFC was the financial force (due to the tightening of the international financial markets). The financial shocks may account for over half of the 2009 downturn, making it...
Naturally, the way in which banks respond to the regulatory changes, given their transient nature, may differ and this is captured through the banks’ optimisation problem. It must be noted at this point that a major issue in bank regulation is the implementation of the countercyclical capital ...