Alp Simsek on a Risk-Centric View of Demand, Recession, and Speculation
Macro Musings with David Beckworth
00:00
Risk Markets - A New Keynesian Model
In macro kind of the workhorse new Keynesian model kind of ignores The latter channel. We focus more on If we look at asset prices at all, we look at kind of a standard wealth effect where it affects consumption But you're bringing in this risk balance channel and you I think outlined the core model in your paper titled a risk centric model of demand recessions and speculations Is that where someone should start? Yeah, exactly.
Transcript
Play full episode
