G12 - Asset Pricing; Trading volume; Bond Interest Rates

• Trading for Bailouts

  Staff Working Paper 2020-23 Toni Ahnert, Caio Machado, Ana Elisa Pereira

  In times of high uncertainty, governments often implement interventions such as bailouts to financial institutions. To use public resources efficiently and to avoid major spillovers to the rest of the economy, policy-makers try to identify which institutions should receive assistance.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Lender of last resort JEL Code(s): D, D8, D83, G, G1, G12, G14, G18

• The Term Structures of Loss and Gain Uncertainty

  Staff Working Paper 2020-19 Bruno Feunou, Ricardo Lopez Aliouchkin, Roméo Tedongap, Lai Xu

  We investigate the uncertainty around stock returns at different investment horizons. Since a return is either a loss or a gain, we categorize return uncertainty into two components—loss uncertainty and gain uncertainty. We then use these components to evaluate investment.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Econometric and statistical methods JEL Code(s): G, G1, G12