Incomplete asset markets and the cross-country consumption correlation puzzle

DOI10.1016/0165-1889(95)00883-7zbMATH Open0875.90127OpenAlexW2042215199MaRDI QIDQ1351663FDOQ1351663

Authors: Robert Kollmann 

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(95)00883-7

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zbMATH Keywords

Business cyclesConsumptionRisk sharingIncomplete asset markets

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic growth models (91B62)

Cites Work

• Title not available (Why is that?)
• The Solution of Linear Difference Models under Rational Expectations
• Stochastic Depreciation and the Business Cycle
• The International Transmission of Real Business Cycles

Cited In (14)

• Can indeterminacy resolve the cross-country correlation puzzle?
• Explaining international business cycle synchronization: recursive preferences and the terms of trade channel
• Government purchases and the real exchange rate
• Explaining international comovements of output and asset returns: The role of money and nominal rigidities.
• International business cycles with complete markets
• Exchange rates dynamics with long-run risk and recursive preferences
• International Business Cycles with Endogenous Incomplete Markets
• By force of demand: Explaining international comovements
• Composite habits and international transmission of business cycles
• A method for solving general equilibrium models with incomplete markets and many financial assets
• Budgetary-neutral fiscal policy rules and external adjustment
• Elastic attention, risk sharing, and international comovements
• Financial integration, credit market imperfections and consumption smoothing
• Limited participation in international business cycle models: a formal evaluation

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