Archives for CORE

Rich Pickings? Risk, Return, and Skill in the Portfolios of the Wealthy Laurent CALVET, HEC Paris (with Laurent Bach and Paolo Sodini) This paper investigates the risk and return characteristics of household wealth. Using a high-quality administrative panel of Swedish residents, we show...

Public Debt as Private Liquidity: Optimal Policy Fabrice COLLARD, University of Bern (Joint paper with G.M. Angeletos and G. Dellas) We study the Ramsey policy problem in an economy in which public debt contributes to the supply of assets that private agents can use as buffer stock and...

Aggregation of Demand-Side Flexibility in Electricity Markets: The Effects of Portfolio Choice Ieva Linkeviciute, Copenhagen Business School Aggregation of demand-side flexibility for balancing purposes is seen as one way to cope with the challenges imposed by increasing share of renewable...

Impulse Response Estimation by Smooth Local Projections Christian Brownlees, Universitat Pompeu Fabra (joint with Regis Barnichon) Vector autoregressions (VAR) and local projections (LP) are well established methodologies for the estimation of impulse responses (IR). These techniques...