Discussion of: “Why Does Risk Matter More in Recessions than in Expansions” Andreasen et al

My discussion slides for Discussion of: “Why Does Risk Matter More in Recessions than in Expansions” by Andreasen, Caggiano, Castelnuovo and Pellegrino, prepared for the

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DEcision Making under Uncertainty (DeMUr) Workshop, Marseille May 19-20, 2022.