Financial Crises and Risk Premia

150 citations recorded by the source corpus.

Subfields: Finance

How researchers see this paper

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Volatility‐Managed Portfolios (2017, background): “We extend these computations to long-lived investors and more general preferences in Moreira and Muir (2016).”
Measuring Geopolitical Risk (2018, background): “22 Muir (2017) finds that risk premia only rise modestly in the aftermath of wars.”
Search for Yield (2017, background): “On the one hand, our paper provides a theoretical framework that links a savings glut with the level of interest rates and the increases in risk-taking noted by Rajan (2005) and Summers (2014) among many others. On the other hand, it yields some predictions regarding the behavior of interest rates a”
Intermediary Asset Pricing: New Evidence from Many Asset Classes (2017, background): “13 This two-factor view is consistent with Muir (2017) who shows that asset pricing behavior is markedly different during fundamental disasters (such as wars) and financial disasters (such as banking panics).”