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School of Economics Discussion Papers, University of Kent >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/50633
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| DC Field | | Value | | Language |
| dc.contributor.author | | Bhattacharjee, Arnab | | en_US |
| dc.contributor.author | | Chadha, Jagjit S. | | en_US |
| dc.contributor.author | | Sun, Qi | | en_US |
| dc.date.accessioned | | 2011-10-21T16:53:32Z | | - |
| dc.date.available | | 2011-10-21T16:53:32Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/50633 | | - |
| dc.description.abstract | | We show that a flex-price two-sector open economy DSGE model can explain the poor degree of international risk sharing and exchange rate disconnect. We use a suite of model evaluation measures and examine the role of (i) traded and non-traded sectors; (ii) financial market incompleteness; (iii) preference shocks; (iv) deviations from UIP condition for the exchange rates; and (v) creditor status in net foreign assets. We find that there is a good case for both traded and non-traded productivity shocks as well as UIP deviations in explaining the puzzles. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ. of Kent, School of Economics Canterbury | | en_US |
| dc.relation.ispartofseries | | School of Economics discussion papers 08,08 | | en_US |
| dc.subject.jel | | E32 | | en_US |
| dc.subject.jel | | F32 | | en_US |
| dc.subject.jel | | F41 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | current account dynamics | | en_US |
| dc.subject.keyword | | real exchange rates | | en_US |
| dc.subject.keyword | | incomplete markets | | en_US |
| dc.subject.keyword | | financial frictions | | en_US |
| dc.subject.stw | | Ungleichgewichtiges Wachstum | | en_US |
| dc.subject.stw | | Offene Volkswirtschaft | | en_US |
| dc.subject.stw | | Home Bias Puzzle | | en_US |
| dc.subject.stw | | Produktivität | | en_US |
| dc.subject.stw | | Konjunktur | | en_US |
| dc.subject.stw | | Dynamisches Gleichgewicht | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | Productivity, preferences and UIP deviations in an open economy business cycle model | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 576822485 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | School of Economics Discussion Papers, University of Kent
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