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Why are exchange rates so smooth? A household finance explanation
16 references·1 citing·49 second hop
Why are exchange rates so smooth? A household finance explanation (2019)Why are exchange rates so smooth? A house…Rare Disasters and Exchange Rates * (2015)Rare Disasters and Exchange R…International Liquidity and Exchange Rate Dynamics * (2015)International Liquidity and E…Household Finance: An Emerging Field (2013)Household Finance: An Emergin…Home Bias in Open Economy Financial Macroeconomics (2013)Home Bias in Open Economy Fin…Risks for the Long Run and the Real Exchange Rate (2011)Risks for the Long Run and th…Financial Integration, Financial Development, and Global Imbalances (2009)Financial Integration, Financ…Fight Or Flight? Portfolio Rebalancing by Individual Investors * (2009)Fight Or Flight? Portfolio Re…Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation (2008)Do Wealth Fluctuations Genera…Cyclical Dynamics in Idiosyncratic Labor Market Risk (2004)Cyclical Dynamics in Idiosync…International Business Cycles with Endogenous Incomplete Markets (2002)International Business Cycles…Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Risks for the Long Run: A Pot…Risk premia and term premia in general equilibrium (1999)Risk premia and term premia i…Income and Wealth Heterogeneity in the Macroeconomy (1998)Income and Wealth Heterogenei…Consumption and real exchange rates in dynamic economies with non-traded goods (1993)Consumption and real exchange…Implications of Security Market Data for Models of Dynamic Economies (1991)Implications of Security Mark…Interest rates and currency prices in a two-country world (1982)Interest rates and currency p…Convenience Yields and Exchange Rate Puzzles (2021)Convenience Yields and Exchan…Status quo bias in decision making (1988)Are Investors Reluctant to Realize Their Losses? (1998)By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)Recent trends in trading activity and market quality (2011)Household Finance (2021)Immiserizing Growth: A Geometrical Note (1958)Theory of Value (1959)Asset Prices in an Exchange Economy (1978)Trying to Explain Home Bias in Equities and Consumption (1999)The Economics of Exchange Rates (2003)Real-time price discovery in global stock, bond and foreign exchange markets (2007)The Purchasing-Power Parity Doctrine: A Reappraisal (1964)Pricing to Market when the Exchange Rate Changes (1986)Tastes and Technology in a Two-Country Model of the Business Cycle : Explaining International Co-Movements (1990)Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)International Risk Sharing and the Transmission of Productivity Shocks (2008)The equity premium: A puzzle (1985)Tax Policy and Aggregate Demand Management Under Catching Up with the Joneses (2000)Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices (2002)Jealousy and Equilibrium Overconsumption (2003)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Presidential Address: Discount Rates (2011)Value and Momentum Everywhere (2013)… and the Cross-Section of Expected Returns (2015)Agency Costs, Net Worth, And Business Fluctuations (1988)Gross Job Creation, Gross Job Destruction, and Employment Reallocation (1992)Consumption Over the Life Cycle (2002)Consumption and risk sharing over the life cycle (2004)Housing Collateral, Consumption Insurance, and Risk Premia: An Empirical Perspective (2005)Unequal we stand: An empirical analysis of economic inequality in the United States, 1967–2006 (2009)Journal of monetary economics (1987)Uninsured Idiosyncratic Risk and Aggregate Saving (1994)What matters for financial development? Capital controls, institutions, and interactions (2005)The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970–2004 (2007)Credit Crises, Precautionary Savings, and the Liquidity Trap* (2017)Investment, Capacity Utilization and the Real Business Cycle (1986)Occupational Choice and the Process of Development (1993)The Value Premium (2005)Transition Modeling and Econometric Convergence Tests (2007)Household Balance Sheets, Consumption, and the Economic Slump* (2013)Noise Trader Risk in Financial Markets (1990)The Limits of Arbitrage (1995)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)A Preferred-Habitat Model of the Term Structure of Interest Rates (2009)Intermediary asset pricing: New evidence from many asset classes (2017)Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?* (2019)The Conditional CAPM and the Cross-Section of Expected Returns (1996)Conditional Skewness in Asset Pricing Tests (2000)
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References

  • 2000Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles4,249 cited
  • 1998Income and Wealth Heterogeneity in the Macroeconomy2,299 cited
  • 1982Interest rates and currency prices in a two-country world1,256 cited
  • 1991Implications of Security Market Data for Models of Dynamic Economies1,182 cited
  • 2015International Liquidity and Exchange Rate Dynamics *821 cited
  • 2009Financial Integration, Financial Development, and Global Imbalances785 cited
  • 1993Consumption and real exchange rates in dynamic economies with non-traded goods750 cited
  • 2004Cyclical Dynamics in Idiosyncratic Labor Market Risk666 cited
  • 1999Risk premia and term premia in general equilibrium593 cited
  • 2008Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation573 cited
  • 2002International Business Cycles with Endogenous Incomplete Markets534 cited
  • 2009Fight Or Flight? Portfolio Rebalancing by Individual Investors *470 cited
  • 2013Household Finance: An Emerging Field450 cited
  • 2015Rare Disasters and Exchange Rates *436 cited
  • 2011Risks for the Long Run and the Real Exchange Rate383 cited

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  • 2013Home Bias in Open Economy Financial Macroeconomics359 cited
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    • 2021Convenience Yields and Exchange Rate Puzzles21 cited