Kent Osband

Institute for Studies on the Mediterranean (ISMed)

Naples

Italy

SCHOLARLY PAPERS

28

DOWNLOADS

1,778

SSRN CITATIONS

7

CROSSREF CITATIONS

5

Scholarly Papers (28)

1.

Economic Crisis in a Shortage Economy

IMF Working Paper No. 91/38
Number of pages: 26 Posted: 15 Feb 2006
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 156 (349,138)
Citation 1

Abstract:

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2.

General Equilibrium Under Shortage: A Generalized Barro-Grossman Model

IMF Working Paper No. 91/59
Number of pages: 33 Posted: 15 Feb 2006
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 137 (387,381)

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3.

Modern Monetary Theory: Cautionary Tales from the Soviet [Dis]Union

Number of pages: 32 Posted: 31 Mar 2022 Last Revised: 01 Apr 2022
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 101 (486,026)

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modern monetary theory, inflation stabilization, repressed inflation, hyperinflation, full employment, fiscal policy, budget constraint, Soviet economic history

4.

Energy Pricing in the Soviet Union

IMF Working Paper No. 91/125
Number of pages: 18 Posted: 15 Feb 2006
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 95 (506,147)

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5.

Can the Release of a Monetary Overhang Trigger Hyperinflation?

IMF Working Paper No. 92/24
Number of pages: 36 Posted: 15 Feb 2006
Shoukang Lin and Kent Osband
affiliation not provided to SSRN and Institute for Studies on the Mediterranean (ISMed)
Downloads 92 (516,563)

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6.

Independent Currency Authorities: An Analytic Primer

IMF Working Paper No. 92/50
Number of pages: 30 Posted: 15 Feb 2006
Delano Villanueva and Kent Osband
World Bank and Institute for Studies on the Mediterranean (ISMed)
Downloads 91 (520,123)
Citation 1

Abstract:

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7.

The Limits of Limitless Debt

Number of pages: 43 Posted: 25 May 2022 Last Revised: 26 Oct 2023
Institute for Studies on the Mediterranean (ISMed), University of Naples "Parthenope" and University of Naples "Federico II"Institute for Studies on the Mediterranean (ISMed)
Downloads 80 (562,717)

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bond market, bond interest rate, credit spreads, sovereign debt, sovereign debt default, debt management, surprise, financial bubbles

8.

Knightian Uncertainty Revisited

Number of pages: 19 Posted: 19 Jan 2021 Last Revised: 16 Sep 2021
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 80 (562,717)

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economic thought, entrepreneurship, innovation incentives, rational expectation, uncertainty, probabilities, risk assessment, information acquisition

9.

Where Do Equity Risk Premia Come From?

Number of pages: 15 Posted: 07 Jul 2020 Last Revised: 10 Nov 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 79 (566,846)

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risk premium, equity pricing, expected utility, constant relative risk aversion, intertemporal elasticity of substitution, disaster risks, Kelly criterion, fractional Kelly

10.

Why the Variance of Beliefs Matters

Number of pages: 30 Posted: 01 Feb 2023 Last Revised: 13 Apr 2023
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 67 (625,564)

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uncertainty, chance, epistemic, expectation, certainty equivalence, rational expectations, information acquisition, probability, choices, bounded rationality

11.

Gambling on Equities: A Paradigm Shift

Number of pages: 26 Posted: 08 Sep 2022
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 66 (625,564)

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Risk premium, equity pricing, expected utility, risk aversion, disaster risks, Kelly criterion, fractional Kelly, excess volatility, GARCH behavior, rational learning, Bayesian learning, regime change

12.

Index Number Biases During Price Liberalization

IMF Working Paper No. 91/76
Number of pages: 33 Posted: 15 Feb 2006
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 63 (640,642)

Abstract:

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13.

Rational Myopia in Credit Markets

Number of pages: 22 Posted: 22 Jul 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 62 (645,919)
Citation 2

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bond market, credit spreads, corporate default, sovereign debt default, irrational exuberance, uncertainty, anticipation

14.

Heterogeneous Learning in Capital Markets

Number of pages: 17 Posted: 16 Jun 2020 Last Revised: 03 Nov 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 60 (656,512)
Citation 2

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capital markets, trading, heterogeneity, disaster risks, doubt, learning, rationality

15.

Can Kelly Gambling Explain Equity Risk Premia?

Number of pages: 19 Posted: 07 Jul 2020 Last Revised: 24 Dec 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 59 (661,839)

Abstract:

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risk premium, equity pricing, expected utility, constant relative risk aversion, disaster risks, Kelly criterion, fractional Kelly

16.

Rationally Uncertain Expectations

Number of pages: 24 Posted: 25 Aug 2020 Last Revised: 27 Nov 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 58 (667,274)

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rational expectation, uncertainty, probabilities, risk assessment, surprise, incentive compatible mechanism, information acquisition, financial forecast

17.

Duration Risks of Value-at-Risk

Number of pages: 15 Posted: 22 Jul 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 53 (695,554)

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banks, risk assessment, bond interest rate, reserve requirements, value at risk, credit spreads, corporate default, sovereign debt default

18.

The Mind as a Market of Minds

Number of pages: 21 Posted: 27 Aug 2021
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 52 (701,593)

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decision making, probability, uncertainty, surprise, price formation, quasi-markets, neuroeconomics (D8320), neural networks, capital market, Kelly criterion, gambling

19.

Rational Roots of Volatile Excess Volatility

Number of pages: 14 Posted: 07 Jul 2020 Last Revised: 16 Oct 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 50 (714,036)
Citation 4

Abstract:

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equity pricing, excess volatility, GARCH behavior, irrational exuberance, rational learning, disaster risks, doubt

20.

The Uncertainty of Credit Safety

Number of pages: 14 Posted: 22 Jul 2020
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 48 (726,691)
Citation 1

Abstract:

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bond market, corporate default, sovereign debt default, credit rating, investment grade, speculative grade, uncertainty

21.

Revealed Preference for Expected Utility Revisited

Number of pages: 19 Posted: 04 Jan 2023
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 45 (753,029)

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Expected Utility Theory, Non Expected Utility, Decision Making, Rational Choice, Allais Paradox, Probability, Uncertainty, Preference

22.

Enigmatic Forecasts of Enigmatic Risks

Number of pages: 31 Posted: 10 Jun 2021
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 41 (774,270)

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financial markets, financial forecast, asset pricing, rational expectation, anticipation, uncertainty, probabilities, surprise, information acquisition, behavioral finance

23.

What Can Capital Markets Teach Us About Learning?

Number of pages: 27 Posted: 11 Jun 2021 Last Revised: 18 Jun 2021
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 37 (803,776)

Abstract:

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financial markets, financial forecast, asset pricing, rational expectation, anticipation, uncertainty, probabilities, surprise, information acquisition, behavioral finance, risk premium, sovereign debt

24.

Rationally Turbulent Learning

Number of pages: 38 Posted: 13 Aug 2021 Last Revised: 23 Aug 2021
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 36 (811,485)

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uncertainty, probabilities, Bayesian, belief, surprise, ignorance, Markov chain, imperfect information, financial forecast, learning, turbulence

25.

Dynamic Portfolios of Predictors

Number of pages: 14 Posted: 05 Feb 2024
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 35 (827,418)

Abstract:

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Decision making, probability, uncertainty, surprise, quasi-markets, neural networks, capital market, Kelly criterion, gambling

26.

Why is Confidence in Sovereign Debt Fickle?

Number of pages: 19 Posted: 22 Jul 2020 Last Revised: 20 Apr 2021
Kent Osband
Institute for Studies on the Mediterranean (ISMed)
Downloads 35 (819,307)

Abstract:

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bond market, bond interest rate, credit spreads, sovereign debt, sovereign debt default, debt management, surprise

27.

Vargamma Stress Tests

Journal Of Investment Management (JOIM), Second Quarter 2013
Posted: 15 Jun 2013
Kent Osband
Institute for Studies on the Mediterranean (ISMed)

Abstract:

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Stress tests, Value-at-Risk, expected utility, certainty equivalent, tail risk estimation, option smiles, cumulant generating functions, cumulants gamma distributions, variance-gamma, distributions, normal-inverse Gaussian distributions

28.

Vargamma: A Unified Measure of Portfolio Risk

Journal of Investment Management (JOIM), First Quarter 2013
Posted: 20 May 2013
Kent Osband
Institute for Studies on the Mediterranean (ISMed)

Abstract:

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Portfolio optimization, Value-at-Risk, stress tests, expected utility, certainty equivalent, tail risk estimation, cumulants, variance-gamma distributions