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.
- Sprache
-
Englisch
- Erschienen in
-
Series: FINESS Working Paper ; No. D.4.4
- Klassifikation
-
Wirtschaft
Current Account Adjustment; Short-term Capital Movements
International Policy Coordination and Transmission
Financial Markets and the Macroeconomy
- Thema
-
International portfolio choice
consumption risk sharing
monetary policy
frictions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Blank, Sven
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Blank, Sven
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2009
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