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Realistic cross-country consumption correlations in a two-country, equilibrium, business cycle model

Devereux, Michael B.; Gregory, Allan W.; Smith, Gregor W. - 1990

Persistent link: https://www.econbiz.de/10000125074

International risk sharing and economic growth

Devereux, Michael B.; Smith, Gregor W. - 1991

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Transfer problem dynamics : macroeconomics of the Franco-Prussian War indemnity

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Consumption and real exchange rates in professional forecasts

Devereux, Michael B.; Smith, Gregor W.; Yetman, James - 2009

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Consumption and real exchange rates in professional forecasts

Devereux, Michael B.; Smith, Gregor W.; Yetman, James - 2009

Standard models of international risk sharing with complete asset markets predict a positive association between relative consumption growth and real exchange-rate depreciations across countries. The striking lack of evidence for this link — the consumption/real exchange-rate anomaly or...