Consumption, Stock Returns, and the Gains from International Risk-Sharing
收藏NBER1996-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w5410
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资源简介:
Standard theoretical models predict that domestic residents should diversify their portfolios into foreign assets much more than observed in practice. Whether this lack of diversification is important depends upon the potential gains from risk-sharing. General equilibrium models and consumption data
提供机构:
美国国家经济研究局
创建时间:
1996-01-01



