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Risk pooling, intermediation efficiency, and the business cycle

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Publication:2102858
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DOI10.1016/j.jedc.2022.104500OpenAlexW4288056519MaRDI QIDQ2102858

Loriana Pelizzon, Pietro Dindo, Andrea Modena

Publication date: 12 December 2022

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2022.104500


zbMATH Keywords

efficiencybusiness cycleamplificationrisk poolingdampeningrestricted market participation


Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)




Cites Work

  • Unnamed Item
  • Leverage as a predictor for real activity and volatility
  • Do banking shocks matter for the U.S. Economy?
  • The risk-free rate in heterogeneous-agent incomplete-insurance economies
  • The real consequences of financial stress
  • The role of bank capital in the propagation of shocks
  • Continuous-time stochastic control and optimization with financial applications
  • A law of large numbers for large economies
  • Incomplete-market dynamics in a neoclassical production economy
  • Stationary Markov Equilibria
  • A Model of Capital and Crises
  • Stochastic differential equations. An introduction with applications.
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