International risk cycles
Recent work in international finance suggests that exchange rate puzzles can be accounted for if (1) aggregate uncertainty is time-varying, and (2) countries have heterogeneous exposures to a world aggregate shock. We embed these features in a standard two-country real business cycle framework, and...
Main Authors: | Gourio, François, Siemer, Michael, Verdelhan, Adrien Frederic |
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Other Authors: | Sloan School of Management |
Format: | Article |
Language: | en_US |
Published: |
Elsevier
2017
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Online Access: | http://hdl.handle.net/1721.1/108597 https://orcid.org/0000-0002-0319-5531 |
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