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Risk, Monetary Policy, and the Exchange Rate [PDF]

open access: possibleNBER Macroeconomics Annual, 2012
In this research, we provide new empirical evidence on the importance of time- varying uncertainty for the exchange rate and the excess return in currency markets. Following an increase in monetary policy uncertainty, the dollar exchange rate appreciates in the medium run, while an increase in the volatility of productivity leads to a dollar ...
Gianluca Benigno   +2 more
openaire   +1 more source

Constant Exchange Risk Properties

Operations Research, 1987
This paper develops a methodology using risk properties to characterize the functional form of a utility measure for decision making under uncertainty. The constant absolute risk property, for example, is known to be necessary and sufficient, with appropriate regularity conditions, for the utility function to have either a linear or an exponential ...
Peter H. Farquhar, Yutaka Nakamura
openaire   +2 more sources

MORTALITY RISK OF EXCHANGE TRANSFUSION

Pediatrics, 1968
The exchange transfusions performed at The Johns Hopkins Hospital over a 6-year period have been reviewed. During this period there were 351 exchange transfusions performed on 232 infants with 11 deaths. The mortality rates in the present series are as low as any in the literature, even though the procedures have been carried out by a large group of ...
V V, Weldon, G B, Odell
openaire   +2 more sources

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