This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of …

productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …

We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy …

. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non …

productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …

We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy …

This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of …