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dc.contributor.authorBhattacharjee, Arnaben_US
dc.contributor.authorChadha, Jagjit S.en_US
dc.contributor.authorSun, Qien_US
dc.date.accessioned2011-10-21T16:53:32Z-
dc.date.available2011-10-21T16:53:32Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/50633-
dc.description.abstractWe 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.isoengen_US
dc.publisherUniv. of Kent, School of Economics Canterburyen_US
dc.relation.ispartofseriesSchool of Economics discussion papers 08,08en_US
dc.subject.jelE32en_US
dc.subject.jelF32en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordcurrent account dynamicsen_US
dc.subject.keywordreal exchange ratesen_US
dc.subject.keywordincomplete marketsen_US
dc.subject.keywordfinancial frictionsen_US
dc.subject.stwUngleichgewichtiges Wachstumen_US
dc.subject.stwOffene Volkswirtschaften_US
dc.subject.stwHome Bias Puzzleen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwKonjunkturen_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwOECD-Staatenen_US
dc.titleProductivity, preferences and UIP deviations in an open economy business cycle modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn576822485en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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