The balance of macroeconomic risks is procyclical and its revisions lead to business cycle fluctuations. In the May issue, by Martin Iseringhausen, Ivan Petrella, Konstantinos Theodoridis. zurl.co/UNisj
Abstract. We develop a data-rich measure of expected macroeconomic skewness in the U.S. economy. Expected macroeconomic skewness is strongly procyclical,
