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The "Real" Explanation of the Feldstein-Horioka Puzzle

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NBER2016-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22081
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资源简介:
This paper shows that global capital markets cannot, by themselves, achieve net transfers of financial capital between countries and that both the integration of global financial markets as well as the integration of global goods markets are needed to achieve net transfers of capital between
提供机构:
美国国家经济研究局
创建时间:
2016-03-01
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