1 “... is through the effect of past gains and losses on investors' risk aversion. We first present a simple model...”

2 “... preferable to an optimal rule. Second, we show how the degree of risk aversion of the policymaker increases...”

3 “... States and bouts of heightened global risk aversion from unsettled market conditions in Europe...”

4 “... activity and import demand in the United States and Europe. Policy uncertainty could also raise global risk...”

5 “... possible increase in risk aversion. The authorities intend to treat the new FCL arrangement as a...”

6