All Outputs (3)

Credit risk premium in a disaster-prone world (2008)
Presentation / Conference
Copeland, L., & Zhu, Y. (2008, November). Credit risk premium in a disaster-prone world. Paper presented at European Monetary Forum in Leuven, Leveun, Belgium

The seminal Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events("disasters") allowed for leverage in the form of risky corporate debt which defaulted only in states when the Government defaulted on its debt.... Read More about Credit risk premium in a disaster-prone world.

The UK research and development satellite account: A preliminary analysis (2008)
Presentation / Conference
A preliminary analysis. Presented at 30th General Conference of the International Association for Research in Income and Wealth, Slovenia

This paper presents preliminary analysis treating the consumption of research and experimental development (R&D) as investment in an intangible scientific asset, in line with proposed revisions to the United Nations System of National Accounts. The p... Read More about The UK research and development satellite account: A preliminary analysis.

Rare disasters and the equity risk premium in a two-country world (2008)
Presentation / Conference
Copeland, L., & Zhu, Y. (2008, July). Rare disasters and the equity risk premium in a two-country world. Paper presented at 5th Conference of the Portuguese Finance Network in Coimbra, Coimbra

We extend the Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events ("disasters") to a two-country world. In this more general setting, both the output risk of rare disasters and the associated risk of a defau... Read More about Rare disasters and the equity risk premium in a two-country world.