Generalized robustness and dynamic pessimism
WebMar 1, 2024 · We find that robustness concerns from shareholders and creditors have distinct implications. Creditor ambiguity aversion allows a firm to take advantage of the debt tax shield in no-commitment equilibrium because ambiguity aversion serves as a commitment device that disciplines the leverage ratchet effect and even results in debt … Web"Generalized Robustness and Dynamic Pessimism," NBER Working Papers 26970, National Bureau of Economic Research, Inc. Hansen, Lars Peter & Sargent, Thomas J., 2024. " Structured ambiguity and model misspecification ," Journal of Economic Theory , Elsevier, vol. 199(C).
Generalized robustness and dynamic pessimism
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WebMay 4, 2024 · Report NEP-RMG-2024-05-04 This is the archive for NEP-RMG, a report on new working papers in the area of Risk Management. Stan Miles issued this report. It is usually issued weekly. Subscribe to this report: email or RSS. Other reports in NEP-RMG. The following items were announced in this report: WebApr 20, 2024 · This paper develops a theory of dynamic pessimism and its impact on asset prices. Notions of time-varying pessimism arise endogenously in our setting as a …
WebHao Xing's 3 research works with 4 citations and 3 reads, including: Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice and Asset Pricing WebApr 27, 2012 · Ironically, robustness has been invoked by both proponents and opponents of this idea. I have argued that neurodevelopmental systems should be robust to the …
WebWe would like to show you a description here but the site won’t allow us. WebGeneralized Robustness and Dynamic Pessimism -- by Pascal J. Maenhout, Andrea Vedolin, Hao Xing 1 /r/nber_papers , 2024-04-20, 04:12:44 Permalink
WebThis paper develops a theory of dynamic pessimism and its impact on asset prices. Notions of time-varying pessimism arise endogenously in our setting as a consequence of agents' concern for model misspecification. We generalize the robust control approach of Hansen and Sargent (2001) by replacing re...
WebApr 4, 2024 · Many countries have introduced preferential admissions to provide new opportunities for talented but disadvantaged students to attend college. Their effectiveness critically depends on students’ perceptions of their incentive schemes. This paper studies this issue by exploiting a randomized preferential admission policy and linked survey … hot city the night gallery yumaWebGeneralized Robustness and Dynamic Pessimism. Pascal Maenhout, Andrea Vedolin and Hao Xing. No 14592, CEPR Discussion Papers from C.E.P.R. Discussion Papers Abstract: This paper develops a theory of dynamic pessimism and its impact on asset prices. Notions of time-varying pessimism arise endogenously in our setting as a … pt performance motors indonesiaWebThis paper develops a theory of dynamic pessimism and its impact on asset prices. Notions of time-varying pessimism arise endogenously in our setting as a consequence … pt pertamina shipping internationalWebGeneralized Robustness and Dynamic Pessimism Pascal J. Maenhout, Andrea Vedolin, and Hao Xing NBER Working Paper No. 26970 April 2024 JEL No. G11,G4 ABSTRACT This … pt philnesia international cirebonWebApr 9, 2024 · DP14592 Generalized Robustness and Dynamic Pessimism. Pascal Maenhout Andrea Vedolin Hao Xing; 9 Apr 2024. This paper develops a theory of dynamic … pt petra foodsWebWe study a Lucas economy where a representative agent extrapolates past returns. The setup allows extrapolation to be defined over returns, as in the survey data, instead of price changes as in most existing models. We solve for the equilibrium in closed form. Depending on the elasticity of intertemporal substitution (EIS), extrapolation can have negative … pt pho camelbackWebXing, H. Robustness and Dynamic Sentiment, Stevens Institute of Technology, 2024. Xing, H. Optimal dynamic contracts with environment, social, and governance criteria, SIAM … hot climate in february