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Why do stocks and consumption imply such different gains from international risk sharing?
16 references·16 citing·37 second hopsampled
Why do stocks and consumption imply such different gains from international risk sharing? (2000)Why do stocks and consumption imply such …Portfolio Selection and Asset Pricing Models (2000)Portfolio Selection and Asset…Trying to Explain Home Bias in Equities and Consumption (1999)Trying to Explain Home Bias i…The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 (1991)The Penn World Table (Mark 5)…Commodity trade and international risk sharing (1991)Commodity trade and internati…Nonexpected Utility in Macroeconomics (1990)Nonexpected Utility in Macroe…The Equity Premium Puzzle and the Riskfree Rate Puzzle (1989)The Equity Premium Puzzle and…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Substitution, Risk Aversion, …Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter? (1989)Commodity Trade and Internati…Theory of Financial Decision Making. (1988)Theory of Financial Decision …THE EQUITY PREMIUM PUZZLE AND THE RISK-FREE RATE PUZZLE (1988)THE EQUITY PREMIUM PUZZLE AND…Intertemporal Substitution in Consumption (1988)Intertemporal Substitution in…Models of business cycles (1987)Models of business cyclesThe equity premium: A puzzle (1985)The equity premium: A puzzleInterest rates and currency prices in a two-country world (1982)Interest rates and currency p…Intertemporal Substitution in Consumption (1981)Intertemporal Substitution in…International Diversification of Investment Portfolios (1970)International Diversification…Financial integration and growth in a risky world (2019)Financial integration and gro…A Model of Fickle Capital Flows and Retrenchment (2019)A Model of Fickle Capital Flo…That’s Where The Money Was: Foreign Bias and English Investment Abroad, 1866–1907 (2010)That’s Where The Money Was: F…Home Bias in International Equity Portfolios: A Review (2007)Home Bias in International Eq…Capital Account Liberalization: Theory, Evidence, and Speculation (2007)Capital Account Liberalizatio…Capital Account Liberalization: Theory, Evidence, and Speculation (2006)Capital Account Liberalizatio…Portfolio Choice in a Monetary Open-Economy DSGE Model (2005)Portfolio Choice in a Monetar…A Shrinkage Approach to Model Uncertainty and Asset Allocation (2005)A Shrinkage Approach to Model…Multinationals and the gains from international diversification (2004)Multinationals and the gains …Keeping Up with the Joneses and the Home Bias (2004)Keeping Up with the Joneses a…The Role of Adrs in the Development of Emerging Equity Markets (2003)The Role of Adrs in the Devel…Effects of Financial Globalization on Developing Countries (2003)Effects of Financial Globaliz…Growth Volatility and Equity Market Liberalization (2002)Growth Volatility and Equity …World Income Components: Measuring and Exploiting Risk-Sharing Opportunities (2001)World Income Components: Meas…International Portfolio Investment: Theory, Evidence, and Institutional Framework (2001)International Portfolio Inves…Globalization and PovertyGlobalization and PovertyAsset Prices in an Exchange Economy (1978)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)The Dual Theory of Choice under Risk (1987)Dynamic Asset Pricing Theory. (1993)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Investor Psychology and Asset Pricing (2001)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Jumps and Stochastic Volatility: Exchange Rate Processes Implicit in Deutsche Mark Options (1996)Post-'87 crash fears in the S&P 500 futures option market (2000)Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk (2001)Theory of games and economic behavior (2019)Investor Diversification and International Equity Markets (1991)Strategic Asset Allocation (2002)Winter Blues: A SAD Stock Market Cycle (2003)Effects on Financial Globalization on Developing Countries: Some Empirical Evidence (2004)Immiserizing Growth: A Geometrical Note (1958)Theory of Value (1959)The Economics of Exchange Rates (2003)Real-time price discovery in global stock, bond and foreign exchange markets (2007)An Intertemporal Capital Asset Pricing Model (1973)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Temporal Resolution of Uncertainty and Dynamic Choice Theory (1978)Debt, Deficits, and Finite Horizons (1985)Myopic Loss Aversion and the Equity Premium Puzzle (1993)Alternative projections of mortality and disability by cause 1990–2020: Global Burden of Disease Study (1997)Does Social Capital Have an Economic Payoff? A Cross-Country Investigation (1997)Greed and grievance in civil war (2004)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Income and Wealth Heterogeneity in the Macroeconomy (1998)Information and the Change in the Paradigm in Economics (2002)The Macroeconomics of Happiness (2003)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1986)
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References

  • 1985The equity premium: A puzzle5,785 cited
  • 1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework4,270 cited
  • 1991The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-19883,427 cited
  • 1988Theory of Financial Decision Making.1,867 cited
  • 1988Intertemporal Substitution in Consumption1,567 cited
  • 1987Models of business cycles1,509 cited
  • 1981Intertemporal Substitution in Consumption1,397 cited
  • 1988THE EQUITY PREMIUM PUZZLE AND THE RISK-FREE RATE PUZZLE1,378 cited
  • 1999Trying to Explain Home Bias in Equities and Consumption1,364 cited
  • 1982Interest rates and currency prices in a two-country world1,256 cited
  • 1970International Diversification of Investment Portfolios1,130 cited
  • 1990Nonexpected Utility in Macroeconomics986 cited
  • 1989The Equity Premium Puzzle and the Riskfree Rate Puzzle922 cited
  • 1989Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?648 cited
  • 2000Portfolio Selection and Asset Pricing Models611 cited
  • 1991

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Commodity trade and international risk sharing
476 cited

Cited by

  • 2005A Shrinkage Approach to Model Uncertainty and Asset Allocation121 cited
  • 2005Portfolio Choice in a Monetary Open-Economy DSGE Model107 cited
  • 2007Capital Account Liberalization: Theory, Evidence, and Speculation105 cited
  • 2007Home Bias in International Equity Portfolios: A Review98 cited
  • 2010That’s Where The Money Was: Foreign Bias and English Investment Abroad, 1866–190792 cited
  • 2004Multinationals and the gains from international diversification88 cited
  • 2019A Model of Fickle Capital Flows and Retrenchment83 cited
  • 2006Capital Account Liberalization: Theory, Evidence, and Speculation81 cited
  • 2002Growth Volatility and Equity Market Liberalization78 cited
  • 2001International Portfolio Investment: Theory, Evidence, and Institutional Framework69 cited
  • 2003Effects of Financial Globalization on Developing Countries65 cited
  • 2019Financial integration and growth in a risky world64 cited
  • n.d.Globalization and Poverty64 cited
  • 2003The Role of Adrs in the Development of Emerging Equity Markets63 cited
  • 2001World Income Components: Measuring and Exploiting Risk-Sharing Opportunities59 cited
  • 2004Keeping Up with the Joneses and the Home Bias56 cited