Hedging macroeconomic and financial uncertainty and volatility

2021 ◽  
Author(s):  
Ian Dew-Becker ◽  
Stefano Giglio ◽  
Bryan Kelly
Keyword(s):  
Financial Uncertainty

scholarly journals Explaining Financial Uncertainty through Specialized Word Embeddings

2020 ◽  
Vol 1 (1) ◽  
pp. 1-19
Author(s):  
Christoph Kilian Theil ◽  
Sanja Štajner ◽  
Heiner Stuckenschmidt
Keyword(s):  
Word Embeddings ◽  
Financial Uncertainty

scholarly journals Blame the Pandemic: Buffering the Association Between Stress and Relationship Quality During the COVID-19 Pandemic

2021 ◽  
pp. 194855062110228
Author(s):  
Lisa A. Neff ◽  
Marci E. J. Gleason ◽  
Erin E. Crockett ◽  
Oyku Ciftci
Keyword(s):  
Relationship Quality ◽  
Multilevel Modeling ◽  
Work Stress ◽  
Daily Diary ◽  
Well Being ◽  
Coping Resources ◽  
Buffering Effect ◽  
Diary Data ◽  
Financial Uncertainty ◽  
The Relationship

The COVID-19 pandemic created a unique climate for examining the links between stressful conditions and couples’ relationship well-being. According to theories of stress spillover, stressors originating outside the relationship, such as work stress and financial uncertainty, often undermine relationship quality. However, if individuals can easily attribute their problems to the stressful circumstances, their relationship may be more resilient. Given the salience of the pandemic, the current study used two waves of 14-day daily diary data collected from 191 participants to examine whether blaming the pandemic for problems may reduce stress spillover. We also expected the buffering effect of pandemic blaming attributions to wane as stressful conditions persisted and continued to tax partners’ coping resources. Multilevel modeling confirmed that women, but not men, who were more blaming of the pandemic exhibited reduced stress spillover during the COVID-19 outbreak; notably, this buffering effect did not weaken over time.

Do country risk and financial uncertainty matter for energy commodity futures?

2018 ◽  
Vol 39 (3) ◽  
pp. 366-383 ◽  
Author(s):  
Chien‐Chiang Lee ◽  
Chi‐Chuan Lee ◽  
Donald Lien
Keyword(s):  
Country Risk ◽  
Commodity Futures ◽  
Financial Uncertainty

A Report on the Published and Unpublished Letters of Elizabeth Barrett Browning to Mary Russell Mitford 1836-1854

1973 ◽  
Vol 1 ◽  
pp. 37-62 ◽  
Author(s):  
Meredith B. Raymond
Keyword(s):  
Good Health ◽  
Robert Browning ◽  
Elizabeth Barrett Browning ◽  
Only Child ◽  
Public And Private ◽  
The Public ◽  
Private Lives ◽  
Financial Uncertainty ◽  
Low Visibility ◽  
Sick Room

Florence and Swallowfield. The very names symbolize the high and the low visibility now associated with Elizabeth Barrett Browning and Mary Russell Mitford. Other contrasts could be drawn. The stifling sick-room and the garden of geraniums, the “poetess” and wife of Robert Browning and the “authoress” of Our Village who was the only child of Dr. Mitford, country gentleman. Or, to mention a point on which Miss Mitford showed some sensitivity, a life of financial freedom versus one of financial uncertainty. What was the attraction which insured the constant and copious interchange of letters, a record which can only be labelled remarkable in a century of remarkable letter-writers? The answer is a multiple one, as whoever reads Elizabeth's side of this correspondence will discover. But such a reader will also discover a whole host of subjects and figures which will give him fresh insights into the public and private lives of the correspondents, their families, and their literary circles. The excerpt which follows indicates the ease with which Elizabeth Barrett shared her thoughts with Miss Mitford whether on topics creative or critical, domestic or political, and whether uttered in sickness or in relatively good health.

Real and financial uncertainty and investment decisions

2000 ◽  
Vol 22 (3) ◽  
pp. 491-514 ◽  
Author(s):  
Giorgio Calcagnini ◽  
Enrico Saltari
Keyword(s):  
Investment Decisions ◽  
Financial Uncertainty

Financial Uncertainty with Ambiguity and Learning

2021 ◽  
Author(s):  
Hening Liu ◽  
Yuzhao Zhang
Keyword(s):  
Risk Premium ◽  
Regime Switching ◽  
Ambiguity Aversion ◽  
Volatility Risk ◽  
Asset Pricing Model ◽  
Variance Risk Premium ◽  
Financial Uncertainty ◽  
Empirical Relations ◽  
The Mean ◽  
Variance Risk

We examine a production-based asset pricing model with regime-switching productivity growth, learning, and ambiguity. Both the mean and volatility of the growth rate of productivity are assumed to follow a Markov chain with an unobservable state. The agent’s preferences are characterized by the generalized recursive smooth ambiguity utility function. Our calibrated benchmark model with modest risk aversion can match moments of the variance risk premium in the data and reconcile empirical relations between the risk-neutral variance and macroeconomic quantities and their respective volatilities. We show that the interplay between productivity volatility risk and ambiguity aversion is important for pricing variance risk in returns. This paper was accepted by Tomasz Piskorski, finance.

Early impact of Covid-19 on private sector employees finance homeownership in Kingdom of Saudia Arabia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Raed Khamis Alharbi
Keyword(s):  
Private Sector ◽  
Large Scale ◽  
Housing Finance ◽  
Policy Framework ◽  
Content Type ◽  
Financial Uncertainty ◽  
Key Stakeholders ◽  
Negative Impacts ◽  
Future Policy

Purpose For almost two years, the economic shocks and financial uncertainty created by the Covid-19 pandemic have affected all sectors. The private sector employees may be the worst hit. This is because of the lockdown across many countries, including the Kingdom of Saudi Arabia (KSA), leading to income irregularities. Studies exploring private-sector employees concerning housing finance for the houses purchased and how the lockdown has affected their sources of income for repayment plans are scarce. Therefore, this study aims to investigate the possible early negative impacts of Covid-19 on private sector employees’ housing finance homeownership in KSA. Design/methodology/approach A phenomenology type of qualitative research was used. Data were sourced from three cities (Riyadh, Al-Qassim and Medina) and three mortgage banks across KSA. Virtual interviews via Zoom and WhatsApp video calls were conducted with engaged participants (bankers, government agencies and private sector employees). Thematic analysis was adopted, and the analysed data was presented in themes. Findings Findings show that the partial and full lockdown resulted in income irregularities in many private businesses. Also, findings identified downsizing, leading to large-scale unemployment, half-monthly income for employees, loss of profit, human resources wastage, etc. Findings reveal that because of the economic shock, many homeowners have not been able to meet up with their monthly mortgage repayment obligation. Also, the absence of financial support in form of socioeconomic needs has not helped the matter. Research limitations/implications The paper is limited to the early negative impacts of Covid-19 on private sector employees’ housing finance homeownership in KSA and data collected via Zoom and WhatsApp video calls across the three main cities. The recommendations that will emerge from this study may be adopted by other Gulf and Islamic countries with similar homeownership repayment challenges. Practical implications This study would stir key stakeholders, especially the policymakers and mortgage institutions to consider future policy principles that focus on who is at the highest risk for housing-related hardships because of the Covid-19 or future pandemic. The outcome can be used to develop an equitable housing policy framework to foster long-term economic mobility and be validated in the future by scholars. Originality/value Similar research in this area is limited, which makes this study one of the pioneering attempts to investigate the early negative impacts of Covid-19 on private sector employees’ housing finance homeownership in KSA. The paper sheds light on the emerged early negative impacts and proffer feasible possible solutions to promote homeownership amongst Saudi citizens.

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