[PDF] Top 20 Three Essays in Risk Modeling.

... Daily corn price data for spatially distinct North Carolina markets were collected and maintained by the North Carolina Department of Agriculture. The original dataset covers daily prices in nearly all of the important ... See full document

... Most studies on optimal mechanism design assume that the seller is a monopoly, and hence all buyers face an outside option valued at zero.1 However, this is no longer the case in today’s differentiated marketplace. For ... See full document

... funding risk plays in mutual fund ...funding risk to dampen one’s estimate of fund manager ...funding risk by imposing lock-ups and infrequent withdrawal frequencies on their ... See full document

... a risk factor not captured by market ...distress risk. Higher B/P reflects higher distress risk, and higher returns are compensation to this ...this risk results in higher B/P (high B/P stocks ... See full document

... Note: The table presents the results of additional analyses that test different dependent variables in the basic and expanded models (equations (6.1) and (6.2)). Columns 1-2 use a 2.5% winsorised z-score as the dependent ... See full document

... After three decades’ development, economists have invented many DSGE models. One of main reasons of inventing DSGE model is to provide explanation for various economic phenom- ena. Broadly speaking, when a ... See full document

... Results on fine-grained essay stance classification are shown in Table 3. The first four rows show our baselines’ performances. Among the four baselines, Always Agree Strongly performs best w.r.t. micro F-score, ... See full document

... has three variants, and its sentence label sequence alignment counterpart has ...good essays with reasonable para- graph sequences to be high, poorly organized es- says by their nature have more random ... See full document

... The concept of size and style rotation is prominent in the equity market and has attracted extensive research and study. More precisely, it is the potential profitability of size and style rotation strategies that has ... See full document

... Our results provide two key insights regarding social learning. First, we present evidence of preference-induced homophily in consumer search. Consumers prefer to gather information from similar others, and since ... See full document

... new risk-based capital requirement proposed by the ...banks’ risk of ...a risk-based capital requirement is more procyclical than Basel I, in which the requirement is flat, Basel II makes banks ... See full document

... To this end, I construct a two-period model with a continuum of risk-neutral agents, who not only consume housing services but also speculate in the housing market for the future resale value of housing. The ... See full document

... as risk-bearing capacity, number of large traders, information precision) can shift liquidity and information efficiency in opposite ...in risk-bearing capacity) may have a negative overall effect on ... See full document

... The reason why the US Federal Crop Insurance program and in particular the above-mentioned research questions merit attention is multifold. First of all, this paper attends to the U.S. federal crop insurance program ... See full document

... long-run risk in the expected component of nondurable consumption growth and long-run risk in consumption ...and risk prima, rely solely on nondurable consumption and its ...the risk-free rate ... See full document

... spills. Three policy alternatives have been ...mandatory risk pool whereby producers would be taxed in accordance to their risks and potential damage from spills to form an indemnity fund that would be used ... See full document

... Our state-space model is designed to capture the joint dynamics of consumption, div- idend growth, and asset returns. Building on the work of Bansal and Yaron (2004), the core of our model consists of an endowment ... See full document

... as risk management tools, it should be mentioned that the majority of mass is stacked near the zero ...downside risk in prices, whereas forward-pricing eliminates this ... See full document

... In the first essay, I study optimal monetary policy in the model’s liquidity trap. I find that a negative interest on reserves is effectively a tax on the banking system. As such, it leads to less effective financial ... See full document

... Manipulating attention in this way had three advantages. First and foremost, this manipulation allowed attention to operate in different ways at the participants’ own will. This was a stark contrast to existing ... See full document