Arbeitspapier
International Consumption Risk Sharing and Monetary Policy
This project aims at analyzing the impact of monetary policy on the international allocation of risk in a two-country dynamic stochastic general equilibrium model with sticky prices and international portfolio choice. The model features endogenous firms entry which influences the evolution of equity in each country and alters real exchange rate dynamics. Preliminary results show that there may be substantial deviations from efficient consumption risk sharing in the presence of monetary policy when there are frictions in goods as well as asset markets.
- Language
-
Englisch
- Bibliographic citation
-
Series: FINESS Working Paper ; No. D.4.4
- Classification
-
Wirtschaft
Current Account Adjustment; Short-term Capital Movements
International Policy Coordination and Transmission
Financial Markets and the Macroeconomy
- Subject
-
International portfolio choice
consumption risk sharing
monetary policy
frictions
- Event
-
Geistige Schöpfung
- (who)
-
Blank, Sven
- Event
-
Veröffentlichung
- (who)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
-
Berlin
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Blank, Sven
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2009
Other Objects (12)
International Consumption Risk Sharing and Monetary Policy
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International Consumption Risk Sharing and Monetary Policy
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Research Note on "International Consumption Risk Sharing and Monetary Policy"
Risk sharing and monetary policy transmission
Sovereign bond purchases and risk-sharing arrangements: Implications for monetary policy
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Risk Sharing in a Politically Divided Monetary Union
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International Consumption Risk Sharing and Monetary Policy
Research Note on "International Consumption Risk Sharing and Monetary Policy"
Research Note on "International Consumption Risk Sharing and Monetary Policy"
Risk sharing and monetary policy transmission
Sovereign bond purchases and risk-sharing arrangements: Implications for monetary policy
Housing, consumption dynamics, and monetary policy
Housing, Consumption Dynamics, and Monetary Policy
Government Size and International Consumption Risk Sharing
Risk Sharing in a Politically Divided Monetary Union
Banks, Financial Markets and International Consumption Risk Sharing
Banks, Financial Markets and International Consumption Risk Sharing