| 词汇 | example_english_idiosyncratic-risk |
| 释义 | idiosyncratic riskcollocation in Englishmeanings of idiosyncraticand riskThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with risk. idiosyncratic adjective uk /ˌɪd.i.ə.sɪŋˈkræt.ɪk/ us /ˌɪd.i.ə.sɪŋˈkræt̬.ɪk/ having strange or unusual habits, ways of behaving, ... See more at idiosyncratic risk noun uk /rɪsk/ us /rɪsk/ the possibility of something ... See more at risk Examples of idiosyncratic riskThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. In these types of models, nonlinearities are consequential because of borrowing constraints and because of the large amount of idiosyncraticrisk that typically is assumed. In all cases, we find that the welfare gains from eliminating aggregate risk with no reduction in idiosyncraticrisk are extremely low. However, for plausible sensitivity of idiosyncraticrisk to aggregate volatility, much larger welfare gains from stabilizing for aggregate risk are obtained. The source of idiosyncraticrisk in our model is individual total factor productivity as opposed to labor income. The key issue that we wish to consider concerns the potential co-reduction in idiosyncraticrisk with the aggregate volatility. One possible reason for idiosyncraticrisk to be uninsurable is that the shocks to an individual's productivity are not publicly observable. When idiosyncraticrisk is incorporated into the model, the asset moments can be decomposed into their value under identical households plus a new idiosyncratic term. Then you won't have markets for the idiosyncraticrisk because of the problem of moral hazard. There is a perfect capital market, in which idiosyncraticrisk can be diversified away. The regressions for all three data sets find that lagged idiosyncraticrisk is also highly significant. The introduction of idiosyncraticrisk has important implications for asset pricing, and in particular may reduce the risk-free rate substantially, through the precautionary savings motive. The introduction of idiosyncraticrisk has important implications for asset pricing, and in particular may reduce the risk-free rate substantially. Moreover, the bulk of the gains are obtained from the reduction of the idiosyncraticrisk, by even modest amounts, rather than from the macro stabilization. However, we could not statistically identify the effect on idiosyncraticrisk. The present paper uses an analytical approach to derive approximate closed-form solutions for the asset moments of a real-business-cycle model with idiosyncraticrisk. Moreover, most of the gains come from the associated reduction in idiosyncraticrisk rather than in the elimination of aggregate risk itself. It therefore can be misleading to focus on the amount of idiosyncraticrisk as the sole determinant of the market price of risk. First, it rules out complete insurance of idiosyncraticrisk by ruling out the existence of prices to consumption contingent on any possible history. To see why, suppose for the moment that there is no idiosyncraticrisk, so that there is no cross-sectional variation in consumption levels. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of idiosyncratic Go to the definition of risk See other collocations with risk |
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