Distributional Risk, Stochastic Volatility and Precautionary Savings
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More about this item
Keywords
Stochastic volatility; stochastic convexity; precautionary saving.;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2016-07-30 (Macroeconomics)
- NEP-UPT-2016-07-30 (Utility Models and Prospect Theory)
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