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Gradual portfolio adjustment : implications for global equity portfolios and returns
Bacchetta, Philippe; Van Wincoop, Eric - 2017
Persistent link: https://www.econbiz.de/10011750145
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On the unstable relationship between exchange rates and macroeconomic fundamentals
Bacchetta, Philippe; Van Wincoop, Eric - 2009
Persistent link: https://www.econbiz.de/10003991088
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Self-fulfilling risk panics
Bacchetta, Philippe; Tille, Cédric; Van Wincoop, Eric - 2010
Persistent link: https://www.econbiz.de/10003991187
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Regulating asset price risk
Bacchetta, Philippe; Tille, Cédric; Van Wincoop, Eric - 2011
Persistent link: https://www.econbiz.de/10009011744
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Modeling exchange rates with incomplete information
Bacchetta, Philippe; Van Wincoop, Eric - 2011
Persistent link: https://www.econbiz.de/10009380476
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Incomplete information processing : a solution to the forward discount puzzle
Bacchetta, Philippe; Van Wincoop, Eric - 2005
managed, we investigate to what extent incomplete information processing can explain this puzzle. Two types of incompleteness … are considered: infrequent and partial information processing. We calibrate a two-country general equilibrium model to the … data and show that incomplete information processing can fully match the empirical evidence. It can also account for …
Persistent link: https://www.econbiz.de/10011397256
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A scapegoat model of exchange rate fluctuations
Bacchetta, Philippe; Van Wincoop, Eric - 2004
of the exchange rate with noisy rational expectations, where investors have heterogeneous information on some structural …
Persistent link: https://www.econbiz.de/10011397704
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Can information heterogeneity explain the exchange rate determination puzzle?
Bacchetta, Philippe; Van Wincoop, Eric - 2003
introduce symmetric information dispersion about future fundamentals in a dynamic rational expectations model in order to …
Persistent link: https://www.econbiz.de/10011397717
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Why do consumer price react less than import prices to exchange rates?
Bacchetta, Philippe; Van Wincoop, Eric - 2002
It is well-known that the extent of pass-through of exchange rate changes to consumer prices is much lower than to import prices. One explanation is local distribution costs. Here we consider an alternative, complementary, explanation based on the optimal pricing strategies of firms. We consider...
Persistent link: https://www.econbiz.de/10011397767
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A theory of the currency denomination of international trade
Bacchetta, Philippe; Van Wincoop, Eric - 2001
Nominal rigidities due to menu costs have become a standard element in closed economy macroeconomic modeling. The "New Open Economy Macroeconomics" literature has investigated the implications of nominal rigidities in an open economy context and found that the currency in which prices are set...
Persistent link: https://www.econbiz.de/10011397852