Crises and Recoveries in an Empirical Model of Consumption Disasters

Macro Finance
Written By Rowdy Ferret Design

Crises and Recoveries in an Empirical Model of Consumption Disasters (with Emi Nakamura, Robert Barro and José Ursúa)

American Economic Journal: Macroeconomics, 5(3), 35-74, July 2013.

Web Appendix -- Data and Programs

Vox Article: Disasters, Recoveries, and the Equity Premium

Many consumption disasters partially reverse in the longer run as the crisis that brings them on subsides. Yet, the long term effect of consumption disasters on the level of consumption is often substantial. Empirically realistic consumption disasters can explain a substantial fraction of the equity premium.

Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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