Nils, Holinski; Robert, Vermeulen - Maastricht : METEOR, Maastricht Research School of … - 2009
This paper analyzes the empirical link between asset prices, consumption and the trade balance using a global macroeconometric model developed by Pesaran, Schuermann, and Weiner (2004). The model is estimated for 29 countries with quarterly data over the period 1981Q1 - 2006Q4. Motivated by...