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  • shocks
  • We show that firms' idiosyncratic volatility obeys a strong factor structure and that shocks to the common factor in idiosyncratic volatility (CIV) are priced. (nber.org)
  • The other indirectly emerges over a household's life-cycle because retirement savings contain the history of idiosyncratic and aggregate shocks. (repec.org)
  • We consider policy distortions in a model where plants face idiosyncratic productivity shocks that evolve following a Brownian motion. (repec.org)
  • Introducing idiosyncratic shocks into the model implies that plants have non-constant operating profits and as a result there is an endogenous exit margin and incumbent plants must decide in each period whether or not to remain in the industry. (repec.org)
  • Our main contribution is to show that if a model is being calibrated/estimated without idiosyncratic shocks, where plants face constant productivity over time and the exit rate is exogenous to fit data generated from a model with shocks and endogenous entry, TFP distortions will be overestimated. (repec.org)
  • Policy Distortions and Aggregate Productivity: The Role of Idiosyncratic Shocks ," The B.E. Journal of Macroeconomics , De Gruyter, vol. 11(1), pages 1-36, November. (repec.org)
  • pathology
  • Hence we hereby present an unusual case of cemento-osseous dysplasia in an unfamiliar location with an atypical presentation.The shape of the pathology was completely idiosyncratic and different from an orthodox lesion of COD, as the lesion was observed to grow out of the palatal surface with a prominent palatal expansion. (jcdr.net)
  • risk
  • We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. (repec.org)
  • One is a direct interaction in the form of a countercyclical variance of idiosyncratic income risk. (repec.org)
  • Social security and the interactions between aggregate and idiosyncratic risk ," SAFE Working Paper Series 59, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt. (repec.org)
  • Social Security and the Interactions Between Aggregate and Idiosyncratic Risk ," CER-ETH Economics working paper series 14/193, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich. (repec.org)
  • Social Security and the Interactions Between Aggregate and Idiosyncratic Risk ," Working Papers ETH-RC-14-002, ETH Zurich, Chair of Systems Design. (repec.org)
  • Social Security and the Interactions Between Aggregate and Idiosyncratic Risk ," 2014 Meeting Papers 936, Society for Economic Dynamics. (repec.org)
  • Social Security and the Interactions Between Aggregate and Idiosyncratic Risk ," Working Paper Series in Economics 71, University of Cologne, Department of Economics. (repec.org)
  • For a panel data set of eleven emerging European economies we decompose this exchange risk premium into an idiosyncratic (country-specific) elements and a common factor using a principal components approach. (sire.ac.uk)
  • model
  • The calibrated model matches the high degree of comovement in idiosyncratic volatilities, the CIV-beta return spread, and several other asset price moments. (nber.org)