Incomplete asset markets and the cross-country consumption correlation puzzle

DOI10.1016/0165-1889(95)00883-7MaRDI QIDQ1351663zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

Business cyclesConsumptionRisk sharingIncomplete asset markets

Mathematics Subject Classification ID

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

Recommendations

• International business cycles with complete markets
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Cites work

• scientific article; zbMATH DE number 4060924 (Why is no real title available?)
• Stochastic Depreciation and the Business Cycle
• The International Transmission of Real Business Cycles
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(17)

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

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