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volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that … the link between business cycle volatility and financial openness has not been stable over time. …
Persistent link: https://www.econbiz.de/10011475038
implies that business cycle volatility is higher the more integrated the capital markets of the member countries of the …
Persistent link: https://www.econbiz.de/10011475042
Persistent link: https://www.econbiz.de/10014384817
This paper formally compares the fit of various versions of the incomplete markets model with aggregate uncertainty, relying on a simple Bayesian empirical framework. The models differ in the degree of households' heterogeneity, with a focus on the role of preferences. For every specification,...
Persistent link: https://www.econbiz.de/10010434845
Persistent link: https://www.econbiz.de/10001510408
volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that … the link between business cycle volatility and financial openness has not been stable over time. …
Persistent link: https://www.econbiz.de/10001685221
Persistent link: https://www.econbiz.de/10002972550
Persistent link: https://www.econbiz.de/10002147228
volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that … the link between business cycle volatility and financial openness has not been stable over time …
Persistent link: https://www.econbiz.de/10014113303
implies that business cycle volatility is higher the more integrated the capital markets of the member countries of the …
Persistent link: https://www.econbiz.de/10001682813