Relative Risk Aversion and Power-Law Distribution of Macroeconomic Disasters (JAE 2015)

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Contents

Article

Authors Title Journal Year Edition Pages JEL Codes Keywords
Michal Brzezinski Relative Risk Aversion and Power-Law Distribution of Macroeconomic Disasters JAE 2015 1 170-5 - -

Article information

Program code Data Readme Method(s) & estimation Data type Data used Origin of data used Software used (Version)
0 - not available online 1 - accessible on journal website 1 - accessible on journal website single two-parameter power-law robust fits with parameters estimated using, respectively, the RC criterion and the OBRE; newer dataset using the MLE for single and double power-law model Macro, Panel Macroeconomic disasters by using long-term annual data for real per capita consumer expenditure, for 24 countries; real per capita GDP for 36 countries; data go back at least to 1914 and as far back as 1870, depending on availability, and end in 2006; annual time series, including sources, according to the article available at http://www.economics.harvard.edu/faculty/barro/data_sets_barro but that link is broken as of January 30, 2015, and seems to have changed to http://rbarro.com/data-sets/ 36 countries Stata

This article is a replication of

Authors Title Journal Year Edition Pages JEL Codes Keywords Replication type Replication result [refer to replication type 1 and 2] Raw data Call into question Authors statement
Robert J. Barro, Tao Jin On the Size Distribution of Macroeconomic Disasters ECTA 2011 5 1567–89 - power law, rare disaster, equity premium, risk aversion 4 - (new methods & data) 1 - successful - 0 - no -

References

DOI: 10.1002/jae.2402 IDEAS: a/wly/japmet/v30y2015i1p170-175.html EconPapers: RePEc:wly:japmet:v:30:y:2015:i:1:p:170-175


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