Disasters and Recoveries

By François Gourio. 2008

144 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f1d727e5cc7c1d320f485bcf0d3ed3096ba4871d

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Anish Ghosh
2. J. Ursúa
3. Robert J. Barro
4. C. Julliard
5. Tao Jin
6. François Gourio
7. Xavier Gabaix
8. Ian Martin

In Finance

1. Anish Ghosh
2. J. Ursúa
3. C. Julliard
4. Tao Jin
5. Robert J. Barro
6. François Gourio
7. Xavier Gabaix
8. Ian Martin

Citations in the corpus

• Rare Macroeconomic Disasters (2012, background): “…is very far in the money (strike price far below current asset price), close to 0.5 if the option is at the money, and close to 0 if the option is very far out of the money. permanent level effects, but, as stressed by Gourio (2008), real-world disasters are usually followed by strong recoveries.”
• Disasters Risk and Business Cycles (2012, unknown): “But you should take that economic forecast, like all others, with more than a single grain of salt.”
• Can Rare Events Explain the Equity Premium Puzzle (2008, background): “Additional robustness checks, and methodological details, are provided in the Appendix.”
• Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility? (2008, unknown): “In contemporaneous independent work, Gourio (2008b) specifies a model in which the probability of a disaster varies between two discrete values.”
• Unmitigated Disasters? New Evidence on the Macroeconomic Cost of Natural Catastrophes (2012, unknown): “Likewise, in so-called consumption disasters the initial decline is not fully reversed by the partial recovery (Gourio 2008).”
• Asset Pricing with Countercyclical Household Consumption Risk (2017, unknown): “6 The argument is due to Green (1989) and is elaborated in Appendix A. 7 Recursive preferences were introduced by Kreps and Porteus (1978) and adapted in the form used here by Epstein and Zin (1989) and Weil (1990).”
• On the Size Distribution of Macroeconomic Disasters (2009, background): “Can the Equity Premium Be Infinite? Weitzman (2007), building on Geweke (2001), argues that the equity premium can be infinite (and the risk-free rate minus infinite) when the underlying shocks are log-normally distributed with unknown variance.”
• The Economic and Policy Consequences of Catastrophes (2013, unknown): “For each value of γ , the table shows the admissible range of A , i.e., values of A for which the resulting values of ψ and λ are positive.”