Risk Aversion in the Eurozone

@article{Benchimol2014RiskAI,
  title={Risk Aversion in the Eurozone},
  author={Jonathan Benchimol},
  journal={Comparative Political Economy: Monetary Policy eJournal},
  year={2014}
}
  • Jonathan Benchimol
  • Published 2014
  • Economics
  • Comparative Political Economy: Monetary Policy eJournal
  • We propose a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model where a risk aversion shock enters a separable utility function. We analyze five periods from 1971 through 2011, each lasting for 20 years, to follow over time the dynamics of several parameters such as the risk aversion parameter; the Taylor rule coefficients; and the role of the risk aversion shock in output, inflation, interest rate, and real money balances in the Eurozone. Our analysis suggests that risk aversion… CONTINUE READING
    18 Citations
    Money in the Production Function: A New Keynesian DSGE Perspective
    • 19
    • PDF
    Does risk aversion affect bank output loss? The case of the Eurozone
    • 1
    Switching Volatility in a Nonlinear Open Economy
    • PDF
    Time-Varying Money Demand and Real Balance Effects
    • 1
    • PDF
    Money and Monetary Policy in Israel During the Last Decade
    • 22
    • PDF
    A Small New Keynesian Model to Analyze Business Cycle Dynamics in Poland and Romania
    • Highly Influenced
    • PDF

    References

    SHOWING 1-10 OF 56 REFERENCES
    Money and Risk in a DSGE Framework: A Bayesian Application to the Eurozone
    • 52
    • PDF
    Time-Varying Risk Aversion and Unexpected Inflation
    • 276
    • PDF
    Risk aversion as a technology factor in the production function
    • 4
    Money in an Estimated Business Cycle Model of the Euro Area
    • 128
    • Highly Influential
    • PDF
    Comparative risk aversion: A formal approach with applications to saving behavior
    • 42
    • PDF
    An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area
    • 1,007
    • PDF
    Money and the Natural Rate of Interest: Structural Estimates for the United States and the Euro Area
    • 152
    • Highly Influential
    • PDF