scholarly journals The Implications of First-Order Risk Aversion for Asset Market Risk Premiums

10.3386/w4624 ◽  
1994 ◽  
Author(s):  
Geert Bekaert ◽  
Robert Hodrick ◽  
David Marshall
Keyword(s):  
Risk Aversion ◽  
Market Risk ◽  
Asset Market ◽  
Risk Premiums ◽  
First Order

scholarly journals The implications of first-order risk aversion for asset market risk premiums

1997 ◽  
Vol 40 (1) ◽  
pp. 3-39 ◽  
Author(s):  
Geert Bekaert ◽  
Robert J. Hodrick ◽  
David A. Marshall
Keyword(s):  
Risk Aversion ◽  
Market Risk ◽  
Asset Market ◽  
Risk Premiums ◽  
First Order

First-Order Risk Aversion, Heterogeneity, and Asset Market Outcomes

2009 ◽  
Vol 64 (4) ◽  
pp. 1863-1887 ◽  
Author(s):  
DAVID A. CHAPMAN ◽  
VALERY POLKOVNICHENKO
Keyword(s):  
Risk Aversion ◽  
Asset Market ◽  
Market Outcomes ◽  
First Order

Emerging Market Risk Premiums

CFA Magazine ◽  
2005 ◽  
Vol 16 (2) ◽  
pp. 38-39
Author(s):  
Cynthia Harrington
Keyword(s):  
Emerging Market ◽  
Market Risk ◽  
Risk Premiums

Implied risk aversion and volatility risk premiums

2011 ◽  
Vol 22 (1) ◽  
pp. 59-70 ◽  
Author(s):  
Sun-Joong Yoon ◽  
Suk Joon Byun
Keyword(s):  
Risk Aversion ◽  
Volatility Risk ◽  
Risk Premiums

Economic uptick may not spell recovery in Brazil

2020 ◽  
Keyword(s):  
Risk Aversion ◽  
Sovereign Debt ◽  
Market Risk ◽  
Debt Maturity ◽  
Bright Spot ◽  
Content Type ◽  
Interest Payments ◽  
Fiscal Spending

Significance Indicators bottomed out after April. Most economists now expect GDP to contract by 5.5-6.0% this year, a severe blow to an economy that had yet fully to recover the ground lost in the brutal 2015-16 recession, but less than the highly pessimistic forecasts prevailing during the initial months of the pandemic. Impacts Lower rates have reduced fiscal spending on interest payments, a rare bright spot on the fiscal side. Inflation remains low but fiscal deterioration may prevent further rate cuts. The recent fall in sovereign debt maturity could leave Brazil more exposed to sudden changes in market risk aversion.

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