We define risk transfer as the percent change in the market risk exposure for a group of investors over a given period. We estimate risk transfer using novel data on U.S. investors' portfolio holdings ...
We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model – as well as heterogeneous agent models more generally – then boils down to a ...
Likewise, improved conditions in the European and U.S. markets, driven by lower interest rates and stronger macroeconomics in 2025 and 2026, are likely to contribute to better revenue growth for LVMH.
Cooperatives have a good potential to contribute to the recently introduced macro-economic reform and improving the welfare of communities. The Addis Ababa Cooperatives Commission recently ...