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Is Home Bias in Assets Related to Home Bias in Goods?

van Wincoop, Eric - 2010

Obstfeld and Rogoff (2000) have reinvigorated an old literature on the link between home bias in the goods market and … home bias in the asset market by arguing that trade costs in the goods market can account for the observed portfolio home … the implied home bias are close to zero, casting significant doubt on a meaningful link between home bias in the goods and …

Persistent link: https://www.econbiz.de/10012760513

Is Home Bias in Assets Related to Home Bias in Goods?

van Wincoop, Eric - 2006

Persistent link: https://www.econbiz.de/10012465932

Is home bias in assets related to home bias in goods?

Van Wincoop, Eric; Warnock, Francis E. - 2006

Persistent link: https://www.econbiz.de/10003399599

The home bias in equities and distribution costs

Harms, Philipp; Hoffmann, Mathias; Ortseifer, Christina - 2010

We show that including distribution costs into a general equilibrium model of international portfolio choice contributes to explaining the "home bias" in international equity investment. Our model is able to replicate observed investment positions for a wide range of parameter values, even if...

Persistent link: https://www.econbiz.de/10008758929

The home bias in equities and distribution costs

Harms, Philipp; Hoffmann, Mathias; Ortseifer, Christina - 2010

We show that including distribution costs into a general equilibrium model of international portfolio choice contributes to explaining the “home bias” in international equity investment. Our model is able to replicate observed investment positions for a wide range of parameter values, even...

Persistent link: https://www.econbiz.de/10008779855

The Home Bias in Equities and Distribution Costs

Harms, Philipp - 2016

We show that including distribution costs into a general equilibrium model of international portfolio choice contributes to explaining the 'home bias' in international equity investment. Our model is able to replicate observed investment positions for a wide range of parameter values, even if...

Persistent link: https://www.econbiz.de/10012991070

Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy?

Bhamra, Harjoat Singh - 2017

A common criticism of behavioral economics is that it has not shown that the psychological biases of individual investors lead to aggregate long-run effects on both asset prices and macroeconomic quantities. Our objective is to address this criticism by providing a simple example of a production...

Persistent link: https://www.econbiz.de/10012966469

Exchange Rate Dynamics in an Intertemporal General Equilibrium Model with Nominal Rigidities, Imperfect Competition, and Investments

Andersen, Allan B. - 1999

We develop an extension to the Obstfeld and Rogoff (1995, 1996) two-sector model with imperfect competition and nominal wage rigidities. Contrary to the Obstfeld and Rogoff (1995, 1996) analysis, we make an explicit account for the investment side of the two-sector economy. We analyze the...

Persistent link: https://www.econbiz.de/10014196601

DSGE Models of High Exchange-Rate Volatility and Low Pass-Through

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2006

result of price discrimination. The latter is an implication of distribution services, which makes the goods demand …

Persistent link: https://www.econbiz.de/10014061212

Exports and the exchange rate : a general equilibrium perspective

Alexander, Patrick; Reza, Abeer - 2022 - Last updated: April 4, 2022

aim of uncovering a single structural parameter, but theory suggests it could differ depending on the shock that drives …

Persistent link: https://www.econbiz.de/10013172465

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