This paper analyzes how climate risks are priced on financial markets. We show that climate
tipping thresholds, disagreement about climate risks, and preferences that price in long-run …

In this paper, a mathematically rigorous solution overturns existing wisdom regarding New
Keynesian Dynamic Stochastic General Equilibrium. I develop a formal concept of stochastic …

This paper studies existence and uniqueness of recursive utility in asset pricing models with
time preference shocks. We provide conditions that clarify existence and uniqueness for a …