Solving the Feldstein-Horioka puzzle with financial frictions

DOI10.3982/ECTA6619MaRDI QIDQ3564692zbMATH OpenOpenAlexFDO

Authors Yan Bai, Jing Zhang

Publication date 26 May 2010

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta6619

zbMATH Keywords

investmentfinancial frictionslimited enforcementsavingsinternational capital flowsFeldstein-Horioka

Mathematics Subject Classification ID

Statistical methods; economic indices and measures (91B82)

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Cited in

(14)

• Feldstein-Horioka meets a time trend
• Numerical simulation of nonoptimal dynamic equilibrium models
• Labor market frictions, investment and capital flows
• Capital mobility in commodity-exporting economies
• Financial integration, savings gluts, and asset price booms
• Why the Feldstein-Horioka ``puzzle remains unsolved
• Home production and small open economy business cycles
• Endogenous trading constraints with incomplete asset markets
• On the sovereign debt paradox
• Capital flows to developing countries: the allocation puzzle
• Endogenous borrowing constraints and stagnation in Latin America
• On the savings wedge in international capital flows
• The Feldstein-Horioka puzzle: The IS-LM model with optimal policy
• A model of gross capital flows: risk sharing and financial frictions

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