A Theory of the Global Financial Cycle
收藏NBER2021-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29217
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资源简介：
We develop a theory to account for changes in prices of risky and safe assets and gross and net capital flows over the global financial cycle (GFC). The multi-country model features global risk-aversion shocks and heterogeneity of investors both within and across countries. Within-country
提供机构：
美国国家经济研究局
创建时间：
2021-09-01
