Measure of Risk

Reminds me when we had roomfuls of economists.  Not recently.  Seems its always done elsewhere these days and its hard to get numbers for ROI or acceptable risks calculations.

A Measure of Risk Appetite for the Macroeconomy
by Carolin E. Pflueger, Emil Siriwardane, and Adi Sunderam

OVERVIEW — This paper sheds new light on connections between financial markets and the macroeconomy. It shows that investors’ appetite for risk—revealed by common movements in the pricing of volatile securities—helps determine economic outcomes and real interest rates. ...  "