| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967203 | Journal of Monetary Economics | 2012 | 15 Pages |
Abstract
⺠Aversion to ambiguity about signal quality and model quality helps explain the level and evolution of credit spreads over time. ⺠Preference toward ambiguity did not change during the crisis. ⺠Increases in CDS spreads during the crisis due to increases in the amount of ambiguity.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Nina Boyarchenko,