Fogli, Alessandra; Perri, Fabrizio - In: Journal of Monetary Economics 69 (2015) C, pp. 1-15
Does macroeconomic volatility/uncertainty affects accumulation of net foreign assets? In OECD economies over the period 1970–2012, changes in country specific aggregate volatility are, after controlling for a wide array of factors, significantly positively associated with net foreign asset...