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Jaume Ventura

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Marta A. Santamaría & Jaume Ventura & Uğur Yeşilbayraktar, 2023. "Exploring European Regional Trade," NBER Working Papers 31037, National Bureau of Economic Research, Inc.

    Cited by:

    1. Danilo Carullo & Paolo Di Caro & Ugo Fratesi, 2025. "The role of employment, labour productivity and trade linkages in the evolution of European regional disparities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(1), pages 1-30, March.
    2. Rodolfo G. Campos & Benedikt Heid & Jacopo Timini, 2024. "The economic consequences of geopolitical fragmentation: Evidence from the Cold War," Papers 2404.03508, arXiv.org.
    3. Tidu, Alberto & Apuzzo, Luigi & Usai, Stefano, 2026. "The importance of trade and technology for productivity: An empirical assessment across EU regions," International Economics, Elsevier, vol. 185(C).
    4. Alessio Baldassarre & Danilo Carullo & Paolo Caro & Elisa Fusco & Pasquale Giacobbe & Carlo Orecchia, 2025. "A New Approach to Measure Italian Regional Trade Flows with Administrative Micro Firm-Level Data," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 11(1), pages 65-101, March.
    5. Qiu, Shumin & Steinwender, Claudia & Azoulay, Pierre, 2025. "Paper tiger? Chinese science and home bias in citations," Journal of International Economics, Elsevier, vol. 157(C).
    6. Alessandro Borin & Francesco Paolo Conteduca & Fabrizio Leone & Michele Mancini & Patrick Zoi, 2025. "How Global Are Local Value Chains?," CESifo Working Paper Series 12271, CESifo.
    7. Hanna Adam & Mario Larch & Jordi Paniagua, 2024. "Spain, Split and Talk: Quantifying Regional Independence," Working Papers 231, Bavarian Graduate Program in Economics (BGPE).
    8. Abou El-Komboz, Lena & Goldbeck, Moritz, 2024. "Virtually borderless? Cultural proximity and international collaboration of developers," Economics Letters, Elsevier, vol. 244(C).
    9. Norris, Jordan J., 2025. "A many-location home market effect and a home biased geography," Journal of International Economics, Elsevier, vol. 154(C).
    10. Lionel Fontagne & Krasimir Shishmanov & Penka Shishmanova & Yoto Yotov, 2025. "Asymmetric Impacts of Economic Integration: The Case of the Single European Market," Working Papers 202533, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
    11. André Carrascal-Incera & Luis Orea, 2025. "Sectoral trade elasticities and consequences of embeddedness for the economic performance of the European regions," Empirical Economics, Springer, vol. 69(5), pages 2817-2863, November.
    12. Giorgia Giovannetti & Luca Lodi & Enrico Marvasi, 2026. "Global Value Chains and Subnational Exposure to Geopolitical Tensions," Working Papers - Economics wp2026_02.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.

  2. Marta A. Santamaría & Jaume Ventura & Uğur Yeşilbayraktar, 2020. "Borders within Europe," NBER Working Papers 28301, National Bureau of Economic Research, Inc.

    Cited by:

    1. Felbermayr, Gabriel & Kamin, Katrin & Chowdhry, Sonali & Hinz, Julian & Jacobs, Anna-Katharina & Kill, Sandra & Sandkamp, Alexander-Nikolai, 2021. "Perspektiven einer erfolgreichen europäischen Handelspolitik im Kontext geopolitischer Herausforderungen," Open Access Publications from Kiel Institute for the World Economy 314954, Kiel Institute for the World Economy.
    2. Han, Zheng & Li, Hongtao, 2022. "Transportation infrastructure and trade," Japan and the World Economy, Elsevier, vol. 64(C).
    3. Zheng, Yilin & Lu, Ming & Li, Jiewei, 2022. "Internal circulation in China: Analyzing market segmentation and integration using big data for truck traffic flow," Economic Modelling, Elsevier, vol. 115(C).
    4. Zheng, Han, 2022. "Heterogeneous Internal Trade Cost and Its Implications in Trade," Discussion paper series HIAS-E-117, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    5. Frensch, Richard & Fidrmuc, Jarko & Rindler, Michael, 2023. "Topography, borders, and trade across Europe," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 816-832.

  3. Fernando Broner & Alberto Martin & Jaume Ventura, 2020. "On Public Spending and Economic Unions," NBER Working Papers 27831, National Bureau of Economic Research, Inc.

    Cited by:

    1. Vese Qehaja-Kekae & Driton Qehaja & Arber Hoti, 2023. "The Effect of Fiscal Deficits on Economic Growth: Evidence from Eurozone Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 3-18.
    2. Maideu-Morera, Gerard, 2024. "Optimal Fiscal Rules and Macroprudential Policies with Sovereign Default Risk," TSE Working Papers 24-1534, Toulouse School of Economics (TSE).

  4. Jaume Ventura, 2019. "Sharing a Government," NBER Working Papers 26141, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jaume Ventura & Alberto Martin & Fernando Broner, 2020. "On Public Spending and Economic Unions," Working Papers 1167, Barcelona School of Economics.
    2. Fernando Broner & Alberto Martin & Jaume Ventura, 2020. "On Public Spending and Unions," Economics Working Papers 1715, Department of Economics and Business, Universitat Pompeu Fabra, revised Nov 2020.

  5. Gino Gancia & Giacomo A. M. Ponzetto & Jaume Ventura, 2019. "A Theory of Economic Unions," NBER Working Papers 26473, National Bureau of Economic Research, Inc.

    Cited by:

    1. Kirtchik, Olessia & Boldyrev, Ivan, 2023. "“Rise and Fall” of the Walrasian Program in Economics: A Social and Intellectual Dynamics of the General Equilibrium Theory," SocArXiv er2va, Center for Open Science.
    2. Eisei Ohtaki, 2023. "Optimality in an OLG model with nonsmooth preferences," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(3), pages 611-659, September.
    3. Willem Sas & Gianmarco Daniele & Amedeo Piolatto, 2020. "Does the Winner Take It All? Redistributive Policies and Political Extremism," Working Papers 1157, Barcelona School of Economics.
    4. Rima Rubčinskaitė & Laimutė Urbšienė, 2024. "What matters for the economic synchronization of the Baltic States," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(3), pages 645-678, August.
    5. Jorge SÁ & Ana Lúcia LUÍS, 2022. "Within Economic Blocks, Countries And States Tend To Diverge (Not Converge)," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 22(2), pages 37-44.
    6. Kobielarz, Michał L., 2024. "A theory of international unions with exits," Journal of Economic Theory, Elsevier, vol. 215(C).
    7. Raouf Boucekkine & Carmen Camacho & Weihua Ruan & Benteng Zou, 2024. "How Do Coalitions Break Down? An Alternative View," Dynamic Games and Applications, Springer, vol. 14(1), pages 157-194, March.
    8. Gracia-Lázaro, Carlos & Dercole, Fabio & Moreno, Yamir, 2022. "Dynamics of economic unions: An agent-based model to investigate the economic and social drivers of withdrawals," Chaos, Solitons & Fractals, Elsevier, vol. 160(C).

  6. Alberto Martin & Jaume Ventura, 2018. "The Macroeconomics of Rational Bubbles: A User's Guide," NBER Working Papers 24234, National Bureau of Economic Research, Inc.

    Cited by:

    1. Toan Phan & Andrew Hanson & Siddhartha Biswas, 2018. "Bubbly Recessions," 2018 Meeting Papers 440, Society for Economic Dynamics.
    2. Hui, Xitong, 2025. "Asset prices, wealth inequality, and welfare: safe assets as a solution," Working Paper Series 3162, European Central Bank.
    3. Ngoc-Sang Pham, 2024. "The relationship between general equilibrium models with infinite-lived agents and overlapping generations models, and some applications," Papers 2411.07674, arXiv.org, revised Apr 2026.
    4. Jordi Galí, 2020. "Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations," NBER Working Papers 26796, National Bureau of Economic Research, Inc.
    5. Stefano Bosi & Cuong Le Van & Ngoc-Sang Pham, 2025. "To Bubble or Not to Bubble: Asset Price Dynamics and Optimality in OLG Economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-05199274, HAL.
    6. Tom Schmitz & Enrique Moral-Benito & Alberto Martin, 2018. "The Financial Transmission of Housing Booms: Evidence from Spain," Working Papers 1044, Barcelona School of Economics.
    7. Leo Ferraris & Fabrizio Mattesini, 2020. "Money and Collateral," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1617-1644, October.
    8. Stefano Bosi & Thai Ha-Huy & Cao‐tung Pham & Ngoc‐sang Pham, 2021. "Ascendant altruism and asset price bubbles," Post-Print halshs-03409931, HAL.
    9. Alberto Martin & Enrique Moral Benito & Tom Schmitz, 2018. "The financial transmission of housing bubbles: evidence from spain," 2018 Meeting Papers 299, Society for Economic Dynamics.
    10. Ge, Jinfeng & Yuan, Yangzhou, 2022. "Bubble into reallocation: How bubbles improve capital allocation in China," China Economic Review, Elsevier, vol. 75(C).
    11. Stefano Bosi & Cuong Le Van & Ngoc-Sang Pham, 2022. "Real indeterminacy and dynamics of asset price bubbles in general equilibrium," Post-Print halshs-02993656, HAL.
    12. Guimaraes, Bernardo & Pannella, Pierluca, 2024. "Short-covering bubbles," Journal of Economic Theory, Elsevier, vol. 219(C).
    13. Francisco Queirós, 2024. "The real side of stock market exuberance: bubbles, output and productivity at the industry level," Economica, London School of Economics and Political Science, vol. 91(361), pages 268-291, January.
    14. James Graham, 2022. "Boom and Bust: A Global History of Financial Bubbles," The Economic Record, The Economic Society of Australia, vol. 98(322), pages 324-326, September.
    15. Daisuke Ikeda, 2022. "Monetary Policy, Inflation, and Rational Asset Price Bubbles," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(6), pages 1569-1603, September.
    16. Blot, Christophe & Hubert, Paul & Labondance, Fabien, 2024. "The asymmetric effects of monetary policy on stock price bubbles," European Economic Review, Elsevier, vol. 168(C).
    17. Bengui, Julien & Phan, Toan, 2018. "Asset pledgeability and endogenously leveraged bubbles," Journal of Economic Theory, Elsevier, vol. 177(C), pages 280-314.
    18. Tomohiro Hirano & Ryo Jinnai & Alexis Akira Toda, 2022. "Leverage, Endogenous Unbalanced Growth, and Asset Price Bubbles," Papers 2211.13100, arXiv.org, revised Feb 2024.
    19. Benjamin Eden, 2019. "Real interest policy and the housing cycle," Vanderbilt University Department of Economics Working Papers 19-00002, Vanderbilt University Department of Economics.
    20. Laura Nowzohour & Livio Stracca, 2020. "More Than A Feeling: Confidence, Uncertainty, And Macroeconomic Fluctuations," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 691-726, September.
    21. Takaaki Ohnishi & Takayuki Mizuno & Tsutomu Watanabe, 2019. "House Price Dispersion in Boom-Bust Cycles: Evidence from Tokyo," CARF F-Series CARF-F-461, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    22. Alexis Derviz, 2019. "Coexistence of Physical and Crypto Assets in a Stochastic Endogenous Growth Model," Working Papers 2019/7, Czech National Bank, Research and Statistics Department.
    23. Robert Kollmann, 2020. "Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies," Working Papers ECARES 2020-02, ULB -- Universite Libre de Bruxelles.
    24. Ventura, Jaume & Asriyan, Vladimir & Fornaro, Luca & Martín, Alberto, 2019. "Monetary Policy for a Bubbly World," CEPR Discussion Papers 13803, Centre for Economic Policy Research.
    25. Daisuke Ikeda & Toan Phan, 2018. "Asset Bubbles and Global Imbalances," Working Paper 18-7, Federal Reserve Bank of Richmond.
    26. Stefano Bosi & Cuong Le Van & Ngoc-Sang Pham, 2025. "To Bubble or Not to Bubble: Asset Price Dynamics and Optimality in OLG Economies," Papers 2508.03230, arXiv.org, revised Sep 2025.
    27. Narayana R. Kocherlakota, 2023. "Public Debt Bubbles In Heterogeneous Agent Models With Tail Risk," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 491-509, May.
    28. Shengguo Li & Jiaqi Liu & Jichang Dong & Xuerong Li, 2021. "20 Years of Research on Real Estate Bubbles, Risk and Exuberance: A Bibliometric Analysis," Sustainability, MDPI, vol. 13(17), pages 1-24, August.
    29. Vuillemey, Guillaume & Wasmer, Etienne, 2020. "Frictional unemployment with stochastic bubbles," European Economic Review, Elsevier, vol. 122(C).
    30. Ngoc-Sang Pham, 2023. "Intertemporal equilibrium with physical capital and financial asset: role of dividend taxation," Post-Print halshs-04033250, HAL.
    31. Christophe Blot & Paul Hubert & Fabien Labondance, 2018. "Monetary Policy and Asset Price Bubbles," EconomiX Working Papers 2018-5, University of Paris Nanterre, EconomiX.

  7. Gino Gancia & Giacomo A.M. Ponzetto & Jaume Ventura, 2016. "Globalization and Political Structure," NBER Working Papers 22046, National Bureau of Economic Research, Inc.

    Cited by:

    1. Rikard Forslid & Sten Nyberg, 2017. "Brexit - Balancing Trade and Mobility," CESifo Working Paper Series 6718, CESifo.
    2. Gino Gancia & Giacomo A. M. Ponzetto & Jaume Ventura, 2019. "A Theory of Economic Unions," NBER Working Papers 26473, National Bureau of Economic Research, Inc.
    3. Enrico Spolaore, 2022. "The Economic Approach to Political Borders," CESifo Working Paper Series 10165, CESifo.
    4. Alberto Alesina & Guido Tabellini & Francesco Trebbi, 2017. "Is Europe an Optimal Political Area?," NBER Working Papers 23325, National Bureau of Economic Research, Inc.
    5. Vanschoonbeek, Jakob, 2020. "Divided We Stad: a Fiscal Bargaining Model for Divided Countries," MPRA Paper 101863, University Library of Munich, Germany.
    6. Rohner, Dominic & Esteban, Joan & Flamand, Sabine & Morelli, Massimo, 2018. "A Dynamic Theory of Secession," CEPR Discussion Papers 12398, Centre for Economic Policy Research.
    7. Dervis Kirikkaleli & Kwaku Addai, 2025. "The asymmetric and long-run effect of demand-based CO2 emissions productivity on production-based CO2 emissions in the UK," Energy & Environment, , vol. 36(6), pages 2595-2617, September.
    8. Bonfatti, Roberto, 2017. "The sustainability of empire in a global perspective: The role of international trade patterns," Journal of International Economics, Elsevier, vol. 108(C), pages 137-156.
    9. Desmet, Klaus & Ortuño Ortín, Ignacio & Özak, Ömer, 2022. "Is Secessionism Mostly about Income or Identity? A Global Analysis of 3,003 Subnational Regions," IZA Discussion Papers 15570, IZA Network @ LISER.
    10. Xie, Chengyuan & Jin, Xiaotong, 2023. "The role of digitalization, sustainable environment, natural resources and political globalization towards economic well-being in China, Japan and South Korea," Resources Policy, Elsevier, vol. 83(C).
    11. Agust Arnorsson & Gylfi Zoega, 2016. "On the Causes of Brexit," CESifo Working Paper Series 6056, CESifo.
    12. Joan Esteban & Sabine Flamand & Massimo Morelli & Dominic Rohner, 2017. "Stay, Split or Strike: Theory and Evidence on Secessionist vs Centrist Conflict," Working Papers 609, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    13. Kym Anderson, 2016. "Agricultural Trade, Policy Reforms, and Global Food Security," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-1-137-46925-0, June.
    14. Mohamed Yufenyuy & Saltuk Pirgalıoğlu & Orhan Yenigün, 2025. "The asymmetric effect of biomass energy use on environmental quality: empirical evidence from the Congo Basin," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(5), pages 10241-10274, May.
    15. Kitamura, Shuhei & Lagerlöf, Nils-Petter, 2025. "Battles and Capitals," SocArXiv zj5gw_v1, Center for Open Science.
    16. Sabine Flamand & Massimo Morelli & Dominic Rohner & Joan-Maria Esteban, 2018. "The Survival and Demise of the State: A Dynamic Theory of Secession," Working Papers 1028, Barcelona School of Economics.
    17. Guimaraes, Bernardo & Sheedy, Kevin D., 2024. "Institutional specialization," Journal of International Economics, Elsevier, vol. 150(C).
    18. Suesse, Marvin, 2019. "Adjusting the size of nations: Empirical determinants of separatism and the Soviet breakup," Journal of Comparative Economics, Elsevier, vol. 47(1), pages 50-64.
    19. Ben G. Li & Penglong Zhang, 2026. "A Linear Model of Geopolitics," Papers 2603.11292, arXiv.org.
    20. Kobielarz, Michał L., 2024. "A theory of international unions with exits," Journal of Economic Theory, Elsevier, vol. 215(C).
    21. Rikard Forslid & Sten Nyberg, 2021. "Brexit: How to Reach an Amicable Divorce," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(3), pages 966-994, July.
    22. Roberto Bonfatti & Kerem Cosar, 2022. "Rise and fall of empires in the industrial era: A story of shifting comparative advantages," Discussion Papers 2022-09, University of Nottingham, GEP.
    23. Kitamura, Shuhei & Lagerlöf, Nils-Petter, 2021. "Cities, Conflict, and Corridors," OSF Preprints cfrzs, Center for Open Science.
    24. Sekeris, Petros G. & Siqueira, Kevin, 2024. "Conflict and returns to scale in production," Journal of Economic Behavior & Organization, Elsevier, vol. 227(C).

  8. Vladimir Asriyan & Luca Fornaro & Alberto Martin & Jaume Ventura, 2016. "Monetary Policy for a Bubbly World," NBER Working Papers 22639, National Bureau of Economic Research, Inc.

    Cited by:

    1. Toan Phan & Andrew Hanson & Siddhartha Biswas, 2018. "Bubbly Recessions," 2018 Meeting Papers 440, Society for Economic Dynamics.
    2. Gaballo, Gaetano & Mengus, Eric, 2023. "Myopic fiscal objectives and long-Run monetary efficiency," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 1-17.
    3. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    4. Hirano, Tomohiro & Toda, Alexis Akira, 2024. "Bubble economics," Journal of Mathematical Economics, Elsevier, vol. 111(C).
    5. Jordi Galí, 2016. "Monetary policy and bubbles in a new Keynesian model with overlapping generations," Economics Working Papers 1561, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2020.
    6. Saki Bigio & Eduardo Zilberman, 2020. "Speculation-driven Business Cycles," Working Papers 161, Peruvian Economic Association.
    7. Sebastian Di Tella, 2018. "A Neoclassical Theory of Liquidity Traps," 2018 Meeting Papers 96, Society for Economic Dynamics.
    8. Plantin, Guillaume & Barthélemy, Jean & Mengus, Eric, 2019. "Public Liquidity Demand and Central Bank Independence," CEPR Discussion Papers 14160, Centre for Economic Policy Research.
    9. Jacopo Bonchi, 2020. "Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound," Working Papers 9/20, Sapienza University of Rome, DISS.
    10. Gauti B. Eggertsson & Neil R. Mehrotra & Jacob A. Robbins, 2017. "A Model of Secular Stagnation: Theory and Quantitative Evaluation," NBER Working Papers 23093, National Bureau of Economic Research, Inc.
    11. Sushant Acharya & Keshav Dogra, 2018. "The side effects of safe asset creation," Staff Reports 842, Federal Reserve Bank of New York.
    12. Plantin, Guillaume, 2023. "Asset bubbles and inflation as competing monetary phenomena," Journal of Economic Theory, Elsevier, vol. 212(C).
    13. Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," CESifo Working Paper Series 7148, CESifo.
    14. Guillaume Plantin, 2021. "Asset Bubbles and Inflation as Competing Monetary Phenomena," Working Papers hal-03792088, HAL.
    15. Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2023. "Could an economy get stuck in a rational pessimism bubble? The case of Japan," Cardiff Economics Working Papers E2023/13, Cardiff University, Cardiff Business School, Economics Section.
    16. Edouard Schaal & Mathieu Taschereau-Dumouchel, 2020. "Herding cycles," Economics Working Papers 1714, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    17. Pengfei Wang & Jianjun Miao & Feng Dong, 2017. "Asset Bubbles and Monetary Policy," 2017 Meeting Papers 205, Society for Economic Dynamics.
    18. Benigno, Gianluca & Fornaro, Luca, 2017. "Stagnation traps," Working Paper Series 2038, European Central Bank.
    19. Schaal, Edouard & Taschereau-Dumouchel, Mathieu, 2023. "Herding through booms and busts," Journal of Economic Theory, Elsevier, vol. 210(C).
    20. Chan, Ying Tung & Ji, Qiang & Zhang, Dayong, 2024. "Optimal monetary policy responses to carbon and green bubbles:A two-sector DSGE analysis," Energy Economics, Elsevier, vol. 130(C).
    21. Robert Gmeiner, 2022. "The Chemistry of the Macroeconomy," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 18(3), pages 289-313, November.
    22. Jacopo Bonchi, 2020. "Natural Interest Rate and Asset Price Bubbles: How Bubbles Counteract Low Interest Rates," Working Papers 3/20, Sapienza University of Rome, DISS.
    23. Plantin, Guillaume, 2021. "Asset Bubbles and Inflation as Competing Monetary Phenomena," CEPR Discussion Papers 15197, Centre for Economic Policy Research.
    24. Haozhou Tang, 2018. "Asset Price Bubbles and the Distribution of Firms," 2018 Meeting Papers 362, Society for Economic Dynamics.
    25. Zoe Venter, 2019. "The Interaction Between ConventionalMonetary Policy and Financial Stability: Chile, Colombia, Japan, Portugal and the UK," Working Papers REM 2019/96, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    26. Junming Chen, 2025. "Monetary Policy, Financing Constraints, and Rational Asset Price Bubbles," Discussion Papers 25/04, Department of Economics, University of York.
    27. Guillaume Plantin, 2021. "Asset Bubbles and Inflation as Competing Monetary Phenomena," Sciences Po Economics Publications (main) hal-03792088, HAL.
    28. Bonchi, Jacopo & Nisticò, Salvatore, 2024. "Optimal monetary policy and rational asset bubbles," European Economic Review, Elsevier, vol. 170(C).
    29. Laura Nowzohour & Livio Stracca, 2020. "More Than A Feeling: Confidence, Uncertainty, And Macroeconomic Fluctuations," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 691-726, September.
    30. Pawe³ Œliwiñski, 2023. "Endogenous money supply, global liquidity and financial transactions: Panel evidence from OECD countries," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 18(1), pages 121-152, March.
    31. Kocherlakota, Narayana R., 2022. "Stabilization with fiscal policy," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 1-14.
    32. Han, Jungsuk & Wang, Yenan, 2025. "All that glitters: A theory of multiple bubbles with implications for cryptocurrencies," Journal of Monetary Economics, Elsevier, vol. 152(C).
    33. Hanson, Andrew & Phan, Toan, 2017. "Bubbles, wage rigidity, and persistent slumps," Economics Letters, Elsevier, vol. 151(C), pages 66-70.
    34. Chenxi Wang, 2023. "Asset bubbles and frictional intermediation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(3), pages 921-961, October.
    35. Francisco Queirós, 2021. "Asset Bubbles and Product Market Competition," CSEF Working Papers 607, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    36. Shim, Jae Hun, 2025. "Bubbles, banking and monetary policy," Journal of Financial Stability, Elsevier, vol. 76(C).
    37. Muysken, Joan & Meijers, Huub, 2022. "Globalisation and financialisation in the Netherlands, 1995 - 2020," MERIT Working Papers 2022-006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    38. Donato Masciandaro, 2018. "Central Banking and Macroeconomic Ideas: Economics, Politics and History," BAFFI CAREFIN Working Papers 1858, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    39. Jean Barthélemy & Eric Mengus & Guillaume Plantin, 2021. "The Central Bank, the Treasury, or the Market: Which One Determines the Price Level?," Working papers 855, Banque de France.
    40. Yang, Jinyu & Dong, Dayong & Liang, Chao & Cao, Yang, 2024. "Monetary policy uncertainty and the price bubbles in energy markets," Energy Economics, Elsevier, vol. 133(C).
    41. Gadi Barlevy, 2018. "Bridging Between Policymakers’ and Economists’ Views on Bubbles," Economic Perspectives, Federal Reserve Bank of Chicago, issue 4, pages 1-21.

  9. Jaume Ventura & Alberto Martin, 2015. "The International Transmission of Credit Bubbles: Theory and Policy," NBER Working Papers 20933, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lise Clain-Chamosset-Yvrard & Takashi Kamihigashi, 2015. "International Transmission of Bubble Crashes in a Two-Country Overlapping Generations," Discussion Paper Series DP2015-43, Research Institute for Economics & Business Administration, Kobe University.
    2. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    3. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    4. Hori, Takeo & Im, Ryonghun, 2023. "Asset bubbles, entrepreneurial risks, and economic growth," Journal of Economic Theory, Elsevier, vol. 210(C).
    5. Hirano, Tomohiro & Toda, Alexis Akira, 2024. "Bubble economics," Journal of Mathematical Economics, Elsevier, vol. 111(C).
    6. Jose Eduardo Gomez-Gonzalez & Juliana Gamboa-Arbeláez & Jorge Hirs-Garzón & Andrés Pinchao-Rosero, 2018. "When Bubble Meets Bubble: Contagion in OECD Countries," The Journal of Real Estate Finance and Economics, Springer, vol. 56(4), pages 546-566, May.
    7. Boucekkine, Raouf & Kazuo, Nishimura & Venditti, Alain, 2017. "Introduction to international financial markets and banking systems crises," Journal of Mathematical Economics, Elsevier, vol. 68(C), pages 87-91.
    8. Tom Schmitz & Enrique Moral-Benito & Alberto Martin, 2018. "The Financial Transmission of Housing Booms: Evidence from Spain," Working Papers 1044, Barcelona School of Economics.
    9. Jianjun Miao & Pengfei Wang & Jing Zhou, 2022. "Asset Bubbles and Foreign Interest Rate Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 315-348, April.
    10. Alberto Martin & Enrique Moral Benito & Tom Schmitz, 2018. "The financial transmission of housing bubbles: evidence from spain," 2018 Meeting Papers 299, Society for Economic Dynamics.
    11. Wang, Shengquan & Chen, Langnan, 2019. "Driving factors of equity bubbles," The North American Journal of Economics and Finance, Elsevier, vol. 49(C), pages 304-317.
    12. Pengfei Wang & Jianjun Miao & Feng Dong, 2017. "Asset Bubbles and Monetary Policy," 2017 Meeting Papers 205, Society for Economic Dynamics.
    13. Lise Claini-Chamosset-Yvrard & Takashi Kamihigashi, 2015. "International Transmission of Bubble Crashes: Stationary Sunspot Equilibria in a Two-Country Overlapping Generations Model," Discussion Paper Series DP2015-21, Research Institute for Economics & Business Administration, Kobe University.
    14. Freixas, Xavier & Perez-Reyna, David, 2021. "Optimal macroprudential policy and rational bubbles," Journal of Financial Intermediation, Elsevier, vol. 46(C).
    15. Vladimir Asriyan & Luca Fornaro & Alberto Martin & Jaume Ventura, 2021. "Monetary Policy for a Bubbly World [Money and Capital in a Persistent Liquidity Trap]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(3), pages 1418-1456.
    16. Atsushi Motohashi, 2020. "Effectiveness of Bailout Policies for Asset Bubbles in a Small Open Economy," KIER Working Papers 1048, Kyoto University, Institute of Economic Research.
    17. Clain-Chamosset-Yvrard, Lise & Kamihigashi, Takashi, 2017. "International transmission of bubble crashes in a two-country overlapping generations model," Journal of Mathematical Economics, Elsevier, vol. 68(C), pages 115-126.
    18. Ryosuke Shimizu, 2018. "Bubbles, growth and imperfection of credit market in a two-country model," Annals of Finance, Springer, vol. 14(3), pages 353-377, August.
    19. Theodosios Perifanis, 2019. "Detecting West Texas Intermediate (WTI) Prices’ Bubble Periods," Energies, MDPI, vol. 12(14), pages 1-16, July.
    20. Caraiani, Petre & Călin, Adrian Cantemir, 2024. "The comovement of bubbles’ responses to monetary policy shocks," The North American Journal of Economics and Finance, Elsevier, vol. 74(C).
    21. Shim, Jae Hun, 2025. "Bubbles, banking and monetary policy," Journal of Financial Stability, Elsevier, vol. 76(C).
    22. James D. Shilling & C.F. Sirmans & Barrett A. Slade, 2017. "Spatial Correlation in Expected Returns in Commercial Real Estate Markets and the Role of Core Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 54(3), pages 297-337, April.
    23. Ciccarone, Giuseppe & Giuli, Francesco & Marchetti, Enrico, 2019. "Should central banks lean against the bubble? The monetary policy conundrum under credit frictions and capital accumulation," Journal of Macroeconomics, Elsevier, vol. 59(C), pages 195-216.

  10. Jaume Ventura & Hans-Joachim Voth, 2015. "Debt into Growth: How Sovereign Debt Accelerated the First Industrial Revolution," NBER Working Papers 21280, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    2. Johnson, Noel D. & Koyama, Mark, 2017. "States and economic growth: Capacity and constraints," Explorations in Economic History, Elsevier, vol. 64(C), pages 1-20.
    3. Bas Leeuwen & Matteo Calabrese & Meimei Wang, 2024. "Italy’s Total Factor Productivity in a Global Economy: Growth and Spillover Effects (c. 1400–2010)," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 10(1), pages 43-57, March.
    4. Asriyan, Vladimir & Laeven, Luc & Martin, Alberto & Van der Ghote, Alejandro & Vanasco, Victoria, 2025. "Falling interest rates and credit reallocation: lessons from general equilibrium," Working Paper Series 3070, European Central Bank.
    5. Ge, Jinfeng & Yuan, Yangzhou, 2022. "Bubble into reallocation: How bubbles improve capital allocation in China," China Economic Review, Elsevier, vol. 75(C).
    6. Klump, Rainer, 2022. "Schulden und Staatlichkeit: Überlegungen zur Politischen Ökonomie des Schuldenstaats," IBF Paper Series 06-22, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    7. Sussman, Nathan, 2019. "The Financial Development of London in the 17th Century Revisited: A View from the Accounts of the Corporation of London," CEPR Discussion Papers 13920, Centre for Economic Policy Research.
    8. Patrick K. O'Brien & Nuno Palma, 2023. "Not an ordinary bank but a great engine of state: The Bank of England and the British economy, 1694–1844," Economic History Review, Economic History Society, vol. 76(1), pages 305-329, February.
    9. Alejandro Van der Ghote & Luc Laeven & Victoria Vanasco & Alberto Martin & Vladimir Asriyan, 2021. "Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium," Working Papers 1268, Barcelona School of Economics.
    10. Nicola Visonà & Luca Riccetti, 2024. "Simulating the industrial revolution: a history-friendly model," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 19(4), pages 831-862, October.
    11. Jordan Roulleau-Pasdeloup, 2016. "What Made Great Britain so Great? From the Fiscal-Military State to the First Industrial Revolution," Cahiers de Recherches Economiques du Département d'économie 16.02, Université de Lausanne, Faculté des HEC, Département d’économie.
    12. Ni Yuping & Martin Uebele, 2015. "Size and structure of disaster relief when state capacity is limited: China’s 1823 flood," Working Papers 0083, European Historical Economics Society (EHES).
    13. Stephan Heblich & Alex Trew, 2015. "Banking and Industrialization," CESifo Working Paper Series 5503, CESifo.
    14. I. Shovkun, 2016. "Neo-industrialization in Ukraine: are there macroeconomic background and investment potential?," Economy and Forecasting, Valeriy Heyets, issue 4, pages 48-69.
    15. Harris, Edwyna & La Croix, Sumner, 2021. "Understanding the gains to capitalists from colonization: Lessons from Robert E. Lucas, Jr., Karl Marx and Edward Gibbon Wakefield," Journal of Economic Behavior & Organization, Elsevier, vol. 187(C), pages 348-359.
    16. Di Muzio, Tim & Dow, Matt, 2023. "Re-Considering the Origins of the Climate Emergency: War, Finance, and the State," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 23(22), pages 1-19.
    17. Mohajan, Haradhan, 2019. "The First Industrial Revolution: Creation of a New Global Human Era," MPRA Paper 96644, University Library of Munich, Germany, revised 17 Jul 2019.

  11. Alberto Martin & Jaume Ventura, 2014. "Managing Credit Bubbles," NBER Working Papers 19960, National Bureau of Economic Research, Inc.

    Cited by:

    1. Keiichiro Kobayashi & Asako Chiba, 2020. "Intergenerational Bubbles of Beliefs for Sustainability," Sustainability, MDPI, vol. 12(24), pages 1-10, December.
    2. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    3. Xavier Raurich & Thomas Seegmuller, 2017. "Income Distribution by Age Group and Productive Bubbles," Working Papers halshs-01629219, HAL.
    4. He, Ruihong & Yang, Yingce & Guo, Junjie & Deng, Xiang, 2025. "Which macroprudential policy instruments is more effective? From the perspective of China's economic model," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 909-925.
    5. Lise Clain-Chamosset-Yvrard & Xavier Raurich & Thomas Seegmuller, 2024. "Entrepreneurship, growth and productivity with bubbles," Post-Print hal-04718292, HAL.
    6. Jaume Ventura & Hans-Joachim Voth, 2015. "Debt into growth: How sovereign debt accelerated the first Industrial Revolution," Economics Working Papers 1483, Department of Economics and Business, Universitat Pompeu Fabra.
    7. Xavier Raurich & Thomas Seegmuller, 2019. "On the interplay between speculative bubbles and productive investment," Post-Print hal-02010648, HAL.
    8. Jonathan Heathcote & Fabrizio Perri, 2015. "Wealth and Volatility," NBER Working Papers 20994, National Bureau of Economic Research, Inc.
    9. Jong Kook Shin & Chetan Subramanian, 2019. "Asset Price Bubbles And Technological Innovation," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 482-497, January.
    10. Qiuyi Yang & Youze Lang & Changsheng Xu, 2018. "Is the High Interest Rate Combined with Intense Deleveraging Campaign Desirable? A Collateral Mechanism under Stringent Credit Constraints," Sustainability, MDPI, vol. 10(12), pages 1-22, December.
    11. Edouard Schaal & Mathieu Taschereau-Dumouchel, 2020. "Herding cycles," Economics Working Papers 1714, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    12. Lise Clain-Chamosset-Yvrard & Thomas Seegmuller, 2018. "Bubble on real estate: The role of altruism and fiscal policy," Working Papers 1820, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    13. Luh, Yir-Hueih & Jiang, Wun-Ji & Huang, Szu-Chi, 2016. "Trade-related spillovers and industrial competitiveness: Exploring the linkages for OECD countries," Economic Modelling, Elsevier, vol. 54(C), pages 309-325.
    14. Pavlidis, Efthymios G. & Vasilopoulos, Kostas, 2020. "Speculative bubbles in segmented markets: Evidence from Chinese cross-listed stocks," Journal of International Money and Finance, Elsevier, vol. 109(C).
    15. Gerhard Sorger, 2019. "Bubbles and cycles in the Solow–Swan model," Journal of Economics, Springer, vol. 127(3), pages 193-221, August.
    16. Ogura, Yoshiaki, 2018. "The objective function of government-controlled banks in a financial crisis," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 78-93.
    17. Cañizares Martínez, Carlos, 2025. "Dating housing booms fueled by credit: A Markov switching approach," Journal of Financial Stability, Elsevier, vol. 78(C).
    18. Sun, Yibo & Wang, Bo, 2020. "Tax on name," Economics Letters, Elsevier, vol. 190(C).
    19. Ozhan, Galip Kemal, 2016. "Financial intermediation, resource allocation, and macroeconomic interdependence," ESRB Working Paper Series 28, European Systemic Risk Board.
    20. Schaal, Edouard & Taschereau-Dumouchel, Mathieu, 2023. "Herding through booms and busts," Journal of Economic Theory, Elsevier, vol. 210(C).
    21. Ciccarone, Giuseppe & Giuli, Francesco & Marchetti, Enrico & Tancioni, Massimiliano, 2020. "Leaning against the bubble. Can theoretical models match the empirical evidence?," MPRA Paper 105004, University Library of Munich, Germany.
    22. Andrea Ajello & Nina Boyarchenko & François Gourio & Andrea Tambalotti, 2022. "Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms," Staff Reports 1002, Federal Reserve Bank of New York.
    23. Caraiani, Petre & Luik, Marc-André & Wesselbaum, Dennis, 2020. "Credit policy and asset price bubbles," Journal of Macroeconomics, Elsevier, vol. 65(C).
    24. Luangaram, Pongsak & Thepmongkol, Athakrit, 2022. "Loan-to-value policy in a bubble-creation economy," Journal of Asian Economics, Elsevier, vol. 79(C).
    25. Haozhou Tang, 2018. "Asset Price Bubbles and the Distribution of Firms," 2018 Meeting Papers 362, Society for Economic Dynamics.
    26. Indrani Manna, 2018. "Can We Still Lean Against the Wind?," Open Economies Review, Springer, vol. 29(2), pages 223-259, April.
    27. Bengui, Julien & Phan, Toan, 2018. "Asset pledgeability and endogenously leveraged bubbles," Journal of Economic Theory, Elsevier, vol. 177(C), pages 280-314.
    28. David Perez-Reyna & Xavier Freixas, 2017. "Gilded Bubbles," 2017 Meeting Papers 1482, Society for Economic Dynamics.
    29. Hylton Hollander & Dawie van Lill, 2019. "A Review of the South African Reserve Bank’s Financial Stability Policies," Working Papers 11/2019, Stellenbosch University, Department of Economics.
    30. Freixas, Xavier & Perez-Reyna, David, 2021. "Optimal macroprudential policy and rational bubbles," Journal of Financial Intermediation, Elsevier, vol. 46(C).
    31. Jagdish Tripathy, 2017. "Bubbly equilibria with credit misallocation," Bank of England working papers 649, Bank of England.
    32. Makoto WATANABE & Yu Awaya & Jihwan Do, 2025. "Bubbles and Collateral," CIGS Working Paper Series 25-013E, The Canon Institute for Global Studies.
    33. Biais, Bruno & Gersbach, Hans & Rochet, Jean-Charles & Villeneuve, Stéphane, 2026. "Dynamic Efficiency With Private Information," TSE Working Papers 26-1724, Toulouse School of Economics (TSE).
    34. Tang, Haozhou & Zhang, Donghai, 2022. "Bubbly firm dynamics and aggregate fluctuations," Journal of Monetary Economics, Elsevier, vol. 132(C), pages 64-80.
    35. Martin, Alberto & Ventura, Jaume, 2015. "The international transmission of credit bubbles: Theory and policy," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 37-56.
    36. Fontanier, Paul, 2025. "Optimal policy for behavioral financial crises," Journal of Financial Economics, Elsevier, vol. 166(C).
    37. Jakub Mateju & Michal Kejak, 2015. "Limited Liability, Asset Price Bubbles and the Credit Cycle: The Role of Monetary Policy," Working Papers 2015/16, Czech National Bank, Research and Statistics Department.
    38. Ventura, Jaume & Asriyan, Vladimir & Fornaro, Luca & Martín, Alberto, 2019. "Monetary Policy for a Bubbly World," CEPR Discussion Papers 13803, Centre for Economic Policy Research.
    39. Mathieu Boullot, 2017. "Secular Stagnation, Liquidity Trap and Rational Asset Price Bubbles," Working Papers halshs-01295012, HAL.
    40. Keiichiro Kobayashi, 2019. "Growing and collapsing bubbles," CIGS Working Paper Series 19-004E, The Canon Institute for Global Studies.
    41. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    42. Shin, Jong Kook, 2023. "Liquidity and asset market cycles," Economics Letters, Elsevier, vol. 226(C).
    43. Han, Jungsuk & Wang, Yenan, 2025. "All that glitters: A theory of multiple bubbles with implications for cryptocurrencies," Journal of Monetary Economics, Elsevier, vol. 152(C).
    44. Hanson, Andrew & Phan, Toan, 2017. "Bubbles, wage rigidity, and persistent slumps," Economics Letters, Elsevier, vol. 151(C), pages 66-70.
    45. Xavier Freixas, 2018. "Credit Growth, Rational Bubbles and Economic Efficiency," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 87-104, March.
    46. Dong, Feng & Xu, Zhiwei, 2022. "Bubbly bailout," Journal of Economic Theory, Elsevier, vol. 202(C).
    47. Chenxi Wang, 2023. "Asset bubbles and frictional intermediation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(3), pages 921-961, October.
    48. Francisco Queirós, 2021. "Asset Bubbles and Product Market Competition," CSEF Working Papers 607, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    49. Lise Clain‐Chamosset‐Yvrard & Xavier Raurich & Thomas Seegmuller, 2023. "Are the Liquidity and Collateral Roles of Asset Bubbles Different?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(6), pages 1443-1473, September.
    50. Ryosuke Shimizu, 2018. "Bubbles, growth and imperfection of credit market in a two-country model," Annals of Finance, Springer, vol. 14(3), pages 353-377, August.
    51. Olivier J. Blanchard, 2019. "Public Debt and Low Interest Rates," NBER Working Papers 25621, National Bureau of Economic Research, Inc.
    52. Shim, Jae Hun, 2025. "Bubbles, banking and monetary policy," Journal of Financial Stability, Elsevier, vol. 76(C).
    53. Stefano Giglio & Matteo Maggiori & Johannes Stroebel, 2014. "No-Bubble Condition: Model-free Tests in Housing Markets," NBER Working Papers 20154, National Bureau of Economic Research, Inc.
    54. Gary B. Gorton, 2016. "The History and Economics of Safe Assets," NBER Working Papers 22210, National Bureau of Economic Research, Inc.
    55. Ciccarone, Giuseppe & Giuli, Francesco & Marchetti, Enrico, 2019. "Should central banks lean against the bubble? The monetary policy conundrum under credit frictions and capital accumulation," Journal of Macroeconomics, Elsevier, vol. 59(C), pages 195-216.
    56. Dietrich, Diemo & Shin, Jong Kook & Tvede, Mich, 2020. "Debt constraints and monetary policy," Journal of Mathematical Economics, Elsevier, vol. 87(C), pages 31-42.
    57. Vorada Limjaroenrat, 2017. "Distributional Effects of Monetary Policy on Housing Bubbles: Some Evidence," PIER Discussion Papers 74, Puey Ungphakorn Institute for Economic Research.

  12. Fernando Broner & Aitor Erce & Alberto Martin & Jaume Ventura, 2013. "Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects," NBER Working Papers 19676, National Bureau of Economic Research, Inc.

    Cited by:

    1. Gaetano Gaballo & A. Zetlin-Jones, 2016. "Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt," Working papers 594, Banque de France.
    2. Romanos Priftis & Srec̆ko Zimic, 2021. "Sources of Borrowing and Fiscal Multipliers [Emerging market business cycles: the cycle is the trend]," The Economic Journal, Royal Economic Society, vol. 131(633), pages 498-519.
    3. Fernando Broner & Daragh Clancy & Alberto Martin & Aitor Erce, 2017. "Fiscal multipliers and foreign holdings of public debt," Economics Working Papers 1610, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2021.
    4. Filippo Balestrieri & Mr. Suman S Basu, 2018. "An Imperfect Financial Union With Heterogeneous Regions," IMF Working Papers 2018/205, International Monetary Fund.
    5. Neyer, Ulrike & Sterzel, André, 2017. "Capital requirements for government bonds: Implications for bank behaviour and financial stability," DICE Discussion Papers 275, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    6. Abraham,Facundo & Cortina Lorente,Juan Jose & Schmukler,Sergio L., 2020. "Growth of Global Corporate Debt : Main Facts and Policy Challenges," Policy Research Working Paper Series 9394, The World Bank.
    7. Dagostino, Ramona, 2025. "The impact of bank financing on municipalities’ bond issuance and the real economy," Journal of Financial Economics, Elsevier, vol. 166(C).
    8. Piotr Ciżkowicz & Andrzej Rzońca & Rafał Trzeciakowski, 2015. "Membership in the Euro area and fiscal sustainability - Analysis through panel fiscal reaction functions," a/ Working Papers Series 1501, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    9. Converse, Nathan & Mallucci, Enrico, 2023. "Differential treatment in the bond market: Sovereign risk and mutual fund portfolios," Journal of International Economics, Elsevier, vol. 145(C).
    10. Alogoskoufis, Spyros & Langfield, Sam, 2018. "Regulating the doom loop," ESRB Working Paper Series 74, European Systemic Risk Board.
    11. Aitor Erce & Enrico Mallucci & Mattia Picarelli, 2022. "A journey in the history of sovereign defaults on domestic-law public debt," Working Papers 51, European Stability Mechanism, revised 28 Mar 2022.
    12. António Afonso & Jorge Braga Ferreira, 2025. "The ECB's Pandemic Emergency Purchase Programme and Fiscal Policy: Synergies or Conflict?," Working Papers REM 2025/0378, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    13. Mengus, E., 2014. "Honoring Sovereign Debt or Bailing Out Domestic Residents: A Theory of Internal Costs of Default," Working papers 480, Banque de France.
    14. Eijffinger, Sylvester & Kobielarz, Michal & Uras, Burak, 2018. "Sovereign default, exit and contagion in a monetary union," Other publications TiSEM d1844a19-c4eb-4443-a4c2-5, Tilburg University, School of Economics and Management.
    15. Albertazzi, Ugo & Cimadomo, Jacopo & Maffei-Faccioli, Nicolò, 2021. "Foreign banks and the doom loop," Working Paper Series 2540, European Central Bank.
    16. Podstawski, Maximilian & Velinov, Anton, 2018. "The state dependent impact of bank exposure on sovereign risk," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 88, pages 63-75.
    17. Affinito, Massimiliano & Albareto, Giorgio & Santioni, Raffaele, 2022. "Purchases of sovereign debt securities by banks during the crisis: The role of balance sheet conditions," Journal of Banking & Finance, Elsevier, vol. 138(C).
    18. Jaume Ventura & Alberto Martin & Fernando Broner, 2020. "On Public Spending and Economic Unions," Working Papers 1167, Barcelona School of Economics.
    19. Roch, Francisco & Uhlig, Harald, 2018. "The dynamics of sovereign debt crises and bailouts," Journal of International Economics, Elsevier, vol. 114(C), pages 1-13.
    20. Chamon, Marcos & Schumacher, Julian & Trebesch, Christoph, 2018. "Foreign-law bonds: can they reduce sovereign borrowing costs?," Working Paper Series 2162, European Central Bank.
    21. Cornand, Camille & Gandré, Pauline & Gimet, Céline, 2016. "Increase in home bias in the Eurozone debt crisis: The role of domestic shocks," Economic Modelling, Elsevier, vol. 53(C), pages 445-469.
    22. Casiraghi, Marco, 2020. "Bailouts, sovereign risk and bank portfolio choices," Journal of Banking & Finance, Elsevier, vol. 119(C).
    23. Mattia Picarelli, 2024. "Sovereign defaults at home and abroad," Working Papers 60, European Stability Mechanism.
    24. V. V. Chari & Alessandro Dovis & Patrick J. Kehoe, 2016. "Financial Repression: Evidence and Theory," Economic Policy Paper 16-4, Federal Reserve Bank of Minneapolis.
    25. Eijffinger, S.C.W. & Kobielarz, M.L. & Uras, R.B., 2015. "Sovereign Debt, Bail-Outs and Contagion in a Monetary Union," Other publications TiSEM 61f72c67-a909-4581-96fc-a, Tilburg University, School of Economics and Management.
    26. Alexandra Horobet & Lucian Belascu & Ștefania Cristina Curea & Alma Pentescu, 2019. "Ownership Concentration and Performance Recovery Patterns in the European Union," Sustainability, MDPI, vol. 11(4), pages 1-31, February.
    27. Carlos Alberto Piscarreta Pinto Ferreira, 2021. "Does Public Debt Ownership Structure Matter for a Borrowing Country?," Working Papers REM 2021/0190, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    28. Ari, Anil, 2018. "Sovereign risk and bank risk-taking," ESRB Working Paper Series 73, European Systemic Risk Board.
    29. Tomás Williams & Lorenzo Pandolfi & Alberto Martin & Fernando Broner, 2020. "Winners and Losers from Sovereign Debt Inflows: Evidence from the Stock Market," Working Papers 1152, Barcelona School of Economics.
    30. Sosa-Padilla, César, 2018. "Sovereign defaults and banking crises," Journal of Monetary Economics, Elsevier, vol. 99(C), pages 88-105.
    31. Panizza, Ugo & Fatás, Antonio & Ghosh, Atish R. & ,, 2019. "The Motives to Borrow," CEPR Discussion Papers 13735, Centre for Economic Policy Research.
    32. Galina Hale & Maurice Obstfeld, 2014. "The Euro and the Geography of International Debt Flows," Working Paper Series 2014-10, Federal Reserve Bank of San Francisco.
    33. Busra Agan Celik & Kingsley Okiwelu & Stephen Obinozie Ogwu & Gabriel Chukwuka Nzeadachie, 2026. "The moderating role of institutional quality in the debt stock-financial development-economic growth nexus: evidence from the panel QARDL model," SN Business & Economics, Springer, vol. 6(4), pages 1-36, April.
    34. Harald Uhlig, 2013. "Sovereign Default Risk and Banks in a Monetary Union," CESifo Working Paper Series 4368, CESifo.
    35. Cuadros-Solas, Pedro Jesús & Salvador Muñoz, Carlos, 2022. "Disentangling the sources of sovereign rating adjustments: An examination of changes in rating policies following the GFC," Research in International Business and Finance, Elsevier, vol. 59(C).
    36. Benhima, Kenza & Cordonier, Rachel, 2022. "News, sentiment and capital flows," Journal of International Economics, Elsevier, vol. 137(C).
    37. Crosignani, Matteo, 2021. "Bank capital, government bond holdings, and sovereign debt capacity," Journal of Financial Economics, Elsevier, vol. 141(2), pages 693-704.
    38. Gomez-Gonzalez, Patricia, 2019. "Public debt structure and liquidity provision," Journal of International Economics, Elsevier, vol. 117(C), pages 51-60.
    39. Galli, Carlo, 2021. "Self-fulfilling debt crises, fiscal policy and investment," Journal of International Economics, Elsevier, vol. 131(C).
    40. Gourinchas, Pierre-Olivier & Martin, Philippe, 2020. "The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis," CEPR Discussion Papers 14891, Centre for Economic Policy Research.
    41. Josefin Meyer & Carmen M. Reinhart & Christoph Trebesch, 2022. "Sovereign Bonds since Waterloo," Discussion Papers of DIW Berlin 1993, DIW Berlin, German Institute for Economic Research.
    42. Luque, Jaime, 2022. "The repo channel of cross-border lending in the European sovereign debt crisis," Journal of Financial Markets, Elsevier, vol. 59(PA).
    43. Schioppa, Claudio A. & Papadia, Andrea, 2015. "Foreign Debt and Secondary Markets: The Case of Interwar Germany," MPRA Paper 102863, University Library of Munich, Germany, revised 2016.
    44. Nicholas‐Joseph Lazarou & Andreas Zervas, 2023. "Declining long‐run income elasticities and the rise of cyclicality of trade: Evidence from Greece, 1995–2018," The World Economy, Wiley Blackwell, vol. 46(6), pages 1873-1888, June.
    45. Tomas Williams, 2017. "Capital Inflows, Sovereign Debt and Bank Lending: Micro-Evidence from an Emerging Market," Working Papers 2017-12, The George Washington University, Institute for International Economic Policy.
    46. Neele Balke, 2018. "The Employment Cost of Sovereign Default," 2018 Meeting Papers 1256, Society for Economic Dynamics.
    47. Carlos Giraldo & Iader Giraldo & Jose E. Gomez-Gonzalez & Jorge M. Uribe, 2025. "R&D Investment and Financial Stability," Documentos de trabajo 21327, FLAR.
    48. Mimir, Yasin & Sunel, Enes, 2025. "Fear (no more) of floating: Asset purchases and exchange rate dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 177(C).
    49. Luigi Bocola, 2015. "The Pass-Through of Sovereign Risk," Working Papers 722, Federal Reserve Bank of Minneapolis.
    50. Tholl, Johannes & Schwarzbach, Christoph & Pittalis, Sandro & von Mettenheim, Hans-Jörg, 2020. "Bank funding and the recent political development in Italy: What about redenomination risk?," International Review of Law and Economics, Elsevier, vol. 64(C).
    51. Massimiliano Affinito & Giorgio Albareto & Raffaele Santioni, 2016. "Purchases of sovereign debt securities by Italian banks during the crisis: the role of balance-sheet conditions," Questioni di Economia e Finanza (Occasional Papers) 330, Bank of Italy, Economic Research and International Relations Area.
    52. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," Temi di discussione (Economic working papers) 1168, Bank of Italy, Economic Research and International Relations Area.
    53. Nicos Zafiris, 2017. "The Financing of Investment in Utility Assets," Economic Affairs, Wiley Blackwell, vol. 37(2), pages 197-212, June.
    54. Amr Hosny, 2020. "Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven?," IMF Working Papers 2020/063, International Monetary Fund.
    55. Albertazzi, Ugo & Barbiero, Francesca & Marqués-Ibáñez, David & Popov, Alexander & Rodriguez d’Acri, Costanza & Vlassopoulos, Thomas, 2020. "Monetary policy and bank stability: the analytical toolbox reviewed," Working Paper Series 2377, European Central Bank.
    56. Craig, Ben & Giuzio, Margherita & Paterlini, Sandra, 2020. "The effect of possible EU diversification requirements on the risk of banks’ sovereign bond portfolios," Working Paper Series 2384, European Central Bank.
    57. Enrico Mallucci, 2015. "Domestic Debt and Sovereign Defaults," International Finance Discussion Papers 1153, Board of Governors of the Federal Reserve System (U.S.).
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    4. Nombulelo BRAITON & Nicholas M. ODHIAMBO, 2024. "Capital Flows And Institutional Quality: A Systematic Literature Review," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 9(1), pages 113-123, March.

  14. Alberto Martin & Jaume Ventura, 2010. "Theoretical Notes on Bubbles and the Current Crisis," NBER Working Papers 16399, National Bureau of Economic Research, Inc.

    Cited by:

    1. Holden, Steinar, 2012. "Implications of Insights from Behavioral Economics for Macroeconomic Models," Memorandum 25/2012, Oslo University, Department of Economics.
    2. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    3. Nikolov, Kalin & Aoki, Kosuke, 2012. "Bubbles, banks and financial stability," Working Paper Series 1495, European Central Bank.
    4. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    5. Domeij, David & Ellingsen, Tore, 2015. "Rational Bubbles and Economic Crises: A Quantitative Analysis," SSE Working Paper Series in Economics 2015:1, Stockholm School of Economics.
    6. Jacopo Bonchi & Francesco Simone Lucidi, 2020. "How Low Interest Rates Discern the Bubbles Nature: Leveraged vs Unleveraged Bubble," Working Papers 12/20, Sapienza University of Rome, DISS.
    7. Chen, Pu & Wang, Chunyang & Liu, Yangyan, 2015. "Real estate prices and firm borrowings: Micro evidence from China," China Economic Review, Elsevier, vol. 36(C), pages 296-308.
    8. Skeie, David R., 2010. "Comment," LSE Research Online Documents on Economics 123269, London School of Economics and Political Science, LSE Library.
    9. Jianjun Miao & PENGFEI WANG, 2011. "Bubbles and Credit Constraints," Boston University - Department of Economics - Working Papers Series WP2011-031, Boston University - Department of Economics.
    10. Pengfei Wang & Jianjun Miao, 2012. "Sectoral Bubbles and Endogenous Growth," 2012 Meeting Papers 227, Society for Economic Dynamics.
    11. Jacopo Bonchi, 2020. "Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound," Working Papers 9/20, Sapienza University of Rome, DISS.
    12. Giancarlo Corsetti, 2012. "The ‘hoc’ of international macroeconomics after the crisis," Chapters, in: Robert M. Solow & Jean-Philippe Touffut (ed.), What’s Right with Macroeconomics?, chapter 3, pages 68-89, Edward Elgar Publishing.
    13. Xiao, Fenglong, 2011. "When organization encounters uncertainty in regulatory times," MPRA Paper 36240, University Library of Munich, Germany.
    14. Ventura, Jaume & Carvalho, Vasco & Martín, Alberto, 2012. "Understanding Bubbly Episodes," CEPR Discussion Papers 8924, Centre for Economic Policy Research.
    15. Roger E.A. Farmer & Carine Nourry & Alain Venditti, 2013. "The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World," AMSE Working Papers 1311, Aix-Marseille School of Economics, France, revised 26 Feb 2013.
    16. Hirano, Tomohiro & Yanagawa, Noriyuki, 2016. "Asset Bubbles, Endogenous Growth, and Financial Frictions," HIT-REFINED Working Paper Series 63, Institute of Economic Research, Hitotsubashi University.
    17. Anton Korinek, 2011. "Hot Money and Serial Financial Crises," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(2), pages 306-339, June.
    18. Coen N. Teulings, 2016. "Secular Stagnation, Rational Bubbles, and Fiscal Policy," Tinbergen Institute Discussion Papers 16-081/VI, Tinbergen Institute.
    19. Daisuke Ikeda & Toan Phan, 2016. "Toxic asset bubbles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(2), pages 241-271, February.
      • Daisuke Ikeda & Toan Phan, 2016. "Toxic asset bubbles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(2), pages 241-271, February.
    20. Rossana Merola, 2013. "The role of financial frictions in the 2007-2008 crisis: an estimated DSGE model," Working Papers Department of Economics 2013/08, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    21. Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012. "Macroeconomics with Financial Frictions: A Survey," NBER Working Papers 18102, National Bureau of Economic Research, Inc.
    22. Rachel, Lukasz & Smith, Thomas D, 2016. "Secular drivers of the global real interest rate," LSE Research Online Documents on Economics 86242, London School of Economics and Political Science, LSE Library.
    23. Kirti, Divya, 2025. "Lending standards and output growth," Journal of Financial Stability, Elsevier, vol. 76(C).
    24. de la Torre, Augusto & Ize, Alain, 2011. "Containing systemic risk : paradigm-based perspectives on regulatory reform," Policy Research Working Paper Series 5523, The World Bank.
    25. Roger Farmer & Pawel Zabczyk, 2019. "The Fiscal Theory of the Price Level in Overlapping Generations Models," National Institute of Economic and Social Research (NIESR) Discussion Papers 498, National Institute of Economic and Social Research.
    26. Davide Dottori & Michele Manna, 2015. "Strategy and tactics in public debt management," Temi di discussione (Economic working papers) 1005, Bank of Italy, Economic Research and International Relations Area.
    27. Lise Clain-Chamosset-Yvrard & Thomas Seegmuller, 2018. "Bubble on real estate: The role of altruism and fiscal policy," Working Papers 1820, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    28. Driscoll, John C. & Holden, Steinar, 2014. "Behavioral economics and macroeconomic models," Journal of Macroeconomics, Elsevier, vol. 41(C), pages 133-147.
    29. Teulings, Coen, 2016. "Secular stagnation, rational bubbles, and fiscal policy," LSE Research Online Documents on Economics 86220, London School of Economics and Political Science, LSE Library.
    30. Rossana Merola, 2013. "The role of financial frictions during the crisis: An estimated DSGE model," Working Paper Research 249, National Bank of Belgium.
    31. Robert E. Hall, 2011. "The Long Slump," NBER Working Papers 16741, National Bureau of Economic Research, Inc.
    32. Luik, Marc-André & Wesselbaum, Dennis, 2014. "Bubbles over the U.S. business cycle: A macroeconometric approach," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 27-41.
    33. Haozhou Tang, 2018. "Asset Price Bubbles and the Distribution of Firms," 2018 Meeting Papers 362, Society for Economic Dynamics.
    34. Lorenzo Esposito & Giuseppe Mastromatteo, 2024. "Behavioral economics and the nature of neoclassical paradigm," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 23(1), pages 45-78, December.
    35. Giancarlo Bertocco, 2011. "Global Saving Glut and housing bubble: a critical analysis," Economics and Quantitative Methods qf1112, Department of Economics, University of Insubria.
    36. Laura Nowzohour & Livio Stracca, 2020. "More Than A Feeling: Confidence, Uncertainty, And Macroeconomic Fluctuations," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 691-726, September.
    37. Mr. Roger Farmer & Pawel Zabczyk, 2019. "A Requiem for the Fiscal Theory of the Price Level," IMF Working Papers 2019/219, International Monetary Fund.
    38. Martin, Alberto & Ventura, Jaume, 2015. "The international transmission of credit bubbles: Theory and policy," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 37-56.
    39. Roger E.A. Farmer & Pawel Zabczyk, 2019. "Monetary and Fiscal Policy When People Have Finite Lives," NBER Working Papers 25445, National Bureau of Economic Research, Inc.
    40. Philippe Gilles & Nicolas Huchet & Marie-Sophie Gauvin, 2012. "Politique monétaire, choix de portefeuille du secteur bancaire et canal de la prise de risque," L'Actualité Economique, Société Canadienne de Science Economique, vol. 88(2), pages 175-196.
    41. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    42. Bruno Coric, 2011. "The financial accelerator effect: concept and challenges," Financial Theory and Practice, Institute of Public Finance, vol. 35(2), pages 171-196.
    43. Daisuke Ikeda & Toan Phan, 2018. "Asset Bubbles and Global Imbalances," Working Paper 18-7, Federal Reserve Bank of Richmond.
    44. Cécile Bastidon & Philippe Gilles & Nicolas Huchet, 2012. "Chocs de Spread, liquidité du marché interbancaire et politique monétaire," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 55(4), pages 409-426.
    45. Pongsak Luangaram & Athakrit Thepmongkol, 2016. "Macroprudential Policy in a Bubble-Creation Economy," PIER Discussion Papers 22, Puey Ungphakorn Institute for Economic Research.
    46. Miao, Jianjun & Wang, Pengfei, 2014. "Sectoral bubbles, misallocation, and endogenous growth," Journal of Mathematical Economics, Elsevier, vol. 53(C), pages 153-163.
    47. Eden, Maya, 2012. "Financial distortions and the distribution of global volatility," Policy Research Working Paper Series 5929, The World Bank.
    48. Dong, Feng & Jia, Yandong & Wang, Siqing, 2022. "Speculative Bubbles and Talent Misallocation," Journal of Economic Dynamics and Control, Elsevier, vol. 141(C).
    49. Giovanni Dell'Ariccia, 2012. "Property Prices and Bank Risk-taking," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.
    50. Bradley Jones, 2015. "Asset Bubbles: Re-thinking Policy for the Age of Asset Management," IMF Working Papers 2015/027, International Monetary Fund.

  15. Fernando A. Broner & Jaume Ventura, 2010. "Rethinking the Effects of Financial Liberalization," NBER Working Papers 16640, National Bureau of Economic Research, Inc.

    Cited by:

    1. Angeletos, George-Marios & Panousi, Vasia, 2011. "Financial integration, entrepreneurial risk and global dynamics," Journal of Economic Theory, Elsevier, vol. 146(3), pages 863-896, May.
    2. Vadym Volosovych, 2011. "Risk sharing from international factor income: explaining cross-country differences," Post-Print hal-00768584, HAL.
    3. Mr. Sohrab Rafiq, 2015. "The Effects of U.S. Unconventional Monetary Policy on Asia Frontier Developing Economies," IMF Working Papers 2015/018, International Monetary Fund.
    4. Guido Sandleris, 2010. "Sovereign Defaults, Domestic Credit Market Institutions and Credit to the Private Sector," Business School Working Papers 2010-01, Universidad Torcuato Di Tella.
    5. Ventura, Jaume & Broner, Fernando & Martín, Alberto, 2007. "Enforcement Problems and Secondary Markets," CEPR Discussion Papers 6498, Centre for Economic Policy Research.
    6. Izabela Jędrzejowska-Schiffauer & Peter Schiffauer & Eleftherios Thalassinos, 2019. "EU Regulatory Measures Following the Crises: What Impact on Corporate Governance of Financial Institutions?," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 432-456.
    7. Alade Olajide RAJI & Rasheed Adegboga AFOLABI & Titilayo Abiodun OSINUGA, 2021. "Financial Globalisation and the Performance of Nigerian Deposit Money Bank," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 5-11.
    8. Rahul Mukherjee, 2011. "Country Portfolios with Imperfect Corporate Governance," IHEID Working Papers 08-2011, Economics Section, The Graduate Institute of International Studies.
    9. Christian E. Weller & Ghazal Zulfiqar, 2013. "Financial Market Diversity and Macroeconomic Stability," Working Papers wp332, Political Economy Research Institute, University of Massachusetts at Amherst.
    10. Abdul Bahri, Elya Nabila & Mohd Nor, Abu Hassan Shaari & Sarmidi, Tamat & Haji Mohd Nor, Nor Hakimah, 2018. "Nonlinear Relationship between Financial Development and Economic Growth: Evidence from Post Global Financial Crisis Panel Data," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(1), pages 15-30.
    11. Jaume Ventura & Alberto Martin & Fernando Broner, 2015. "Sovereign Risk and Secondary Markets," Working Papers 288, Barcelona School of Economics.
    12. Raouf Boucekkine & Giorgio Fabbri & Patrick A. Pintus, 2018. "Short-run pain, long-run gain: the conditional welfare gains from international financial integration," Post-Print hal-02084239, HAL.
    13. Benigno, Gianluca & Fornaro, Luca, 2012. "Reserve accumulation, growth and financial crises," LSE Research Online Documents on Economics 51506, London School of Economics and Political Science, LSE Library.
    14. Fernando Broner & Aitor Erce & Alberto Martin & Jaume Ventura, 2013. "Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects," NBER Working Papers 19676, National Bureau of Economic Research, Inc.
    15. Gente, Karine & León-Ledesma, Miguel A. & Nourry, Carine, 2015. "External constraints and endogenous growth: Why didn't some countries benefit from capital flows?," Journal of International Money and Finance, Elsevier, vol. 56(C), pages 223-249.
    16. George-Marios Angeletos & Vasia Panousi, 2011. "Financial Integration, Entrepreneurial Risk and Global Imbalances," NBER Working Papers 16761, National Bureau of Economic Research, Inc.
    17. Jonathan Heathcote & Fabrizio Perri, 2013. "Assessing International Efficiency," NBER Working Papers 18956, National Bureau of Economic Research, Inc.
    18. Ester Faia & Eleni Iliopulos, 2010. "Financial Globalization, Financial Frictions and Optimal Monetary Policy," Documents de travail du Centre d'Economie de la Sorbonne 10053, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    19. Luca Agnello & Vítor Castro & Ricardo M. Sousa, 2018. "The Legacy and the Tyranny of Time: Exit and Re‐Entry of Sovereigns to International Capital Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(8), pages 1969-1994, December.
    20. Guido Sandleris, 2014. "Sovereign Defaults, Credit to the Private Sector, and Domestic Credit Market Institutions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(2-3), pages 321-345, March.
    21. Roberto Piazza, 2014. "Growth and Crisis, Unavoidable Connection?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 677-706, October.
    22. Nicola Gennaioli & Alberto Martin & Stefano Rossi, 2009. "Sovereign default, domestic banks and financial institutions," Economics Working Papers 1170, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2012.
    23. Filippo Brutti, 2010. "Legal enforcement, public supply of liquidity and sovereign risk," IEW - Working Papers 464, Institute for Empirical Research in Economics - University of Zurich.
    24. Esteves, Rui & Jalles, Joao Tovar, 2013. "Like Father like Sons? The Cost of Sovereign Defaults In Reduced Credit to the Private Sector," CEPR Discussion Papers 9303, Centre for Economic Policy Research.
    25. Chokri Zehri, 2019. "Impact of Financial Liberalisation on Income Inequality: A PVAR Approach," EERI Research Paper Series EERI RP 2019/09, Economics and Econometrics Research Institute (EERI), Brussels.
    26. Philip Arestis & Georgios Chortareas & Georgios Magkonis, 2015. "The Financial Development And Growth Nexus: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 549-565, July.
    27. Giulia Porino, 2017. "Note Bibliografiche: TRIDICO P. (2017), Inequality in Financial Capitalism," Moneta e Credito, Economia civile, vol. 70(279), pages 273-282.
    28. Panousi, Vasia, 2009. "Financial Integration and Capital Accumulation," MPRA Paper 24238, University Library of Munich, Germany.
    29. Fei Guo & Shi He & Zhitao Lin, 2023. "Truths and Myths About the Finance-Growth Nexus in China: A Meta-Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(5), pages 1408-1425, April.
    30. Benjamin M Blau & Todd G Griffith & Ryan J Whitby, 2022. "Pharmaceutical innovation and access to financial markets," PLOS ONE, Public Library of Science, vol. 17(12), pages 1-19, December.
    31. Chokri Abdelmajid Zehri, 2020. "Capital Restrictions Policies, Currency Appreciation and Foreign Debts," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(3), pages 149-159.
    32. Dong He & Lillian Cheung & Wenlang Zhang & Tommy Wu, 2012. "How would Capital Account Liberalisation Affect China's Capital Flows and the Renminbi Real Exchange Rates?," Working Papers 092012, Hong Kong Institute for Monetary Research.
    33. De Nicolò, Gianni & Juvenal, Luciana, 2014. "Financial integration, globalization, and real activity," Journal of Financial Stability, Elsevier, vol. 10(C), pages 65-75.
    34. Dokko, Jane K. & Keys, Benjamin J. & Relihan, Lindsay, 2019. "Affordability, financial innovation and the start of the housing boom," LSE Research Online Documents on Economics 101017, London School of Economics and Political Science, LSE Library.
    35. Ma, Yong & Jiang, Yiqing & Yao, Chi, 2022. "Trade openness, financial openness, and macroeconomic volatility," Economic Systems, Elsevier, vol. 46(1).
    36. Usman Ghani & Md Kamal Hossain, 2021. "A comparative analysis of the results of financial liberalization in Central European countries: 1991-2020," International Journal of Science and Business, IJSAB International, vol. 5(9), pages 95-111.
    37. Matsuyama, Kiminori, 2013. "Institution-Induced Productivity Differences and Patterns of International Capital Flows," Economics Series 301, Institute for Advanced Studies.
    38. Idode Patrick & Sanusi Gbenga, 2019. "Financial Globalisation and Economic Transformation in Africa: Evidence from Nigeria," Financial Sciences. Nauki o Finansach, Sciendo, vol. 24(1), pages 7-24, March.
    39. Guven, Cahit, 2016. "Financial integration: The role of tradable and non-tradable goods," Economic Modelling, Elsevier, vol. 53(C), pages 345-353.
    40. Anne Epaulard & Aude Pommeret, 2016. "Financial Integration, Growth and Volatility," Pacific Economic Review, Wiley Blackwell, vol. 21(3), pages 330-357, August.
    41. Brutti, Filippo, 2011. "Sovereign defaults and liquidity crises," Journal of International Economics, Elsevier, vol. 84(1), pages 65-72, May.
    42. Filippo Brutti & Philip Sauré, 2016. "Repatriation Of Debt In The Euro Crisis," Journal of the European Economic Association, European Economic Association, vol. 14(1), pages 145-174, February.
    43. Amy Pond, 2018. "Protecting Property: The Politics of Redistribution, Expropriation, and Market Openness," Economics and Politics, Wiley Blackwell, vol. 30(2), pages 181-210, July.
    44. Filippo Brutti & Philip U. Sauré, 2014. "Repatriation of Debt in the Euro Crisis: Evidence for the Secondary Market Theory," Working Papers 2014-03, Swiss National Bank.
    45. Raouf Boucekkine & Giorgio Fabbri & Patrick Pintus, 2012. "Short-Run Pain, Long-Run Gain: The Conditional Welfare Gains from International Financial Integration The Conditional Welfare Gains from International Financial Integration," AMSE Working Papers 1202, Aix-Marseille School of Economics, France, revised 27 Jun 2016.
    46. Balima, Hippolyte W. & Sokolova, Anna, 2021. "IMF programs and economic growth: A meta-analysis," Journal of Development Economics, Elsevier, vol. 153(C).
    47. Ağca, Şenay & Celasun, Oya, 2012. "Sovereign debt and corporate borrowing costs in emerging markets," Journal of International Economics, Elsevier, vol. 88(1), pages 198-208.
    48. Adams, Samuel & Opoku, Eric Evans Osei, 2015. "Foreign direct investment, regulations and growth in sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 47(C), pages 48-56.
    49. Eden, Maya, 2012. "Financial distortions and the distribution of global volatility," Policy Research Working Paper Series 5929, The World Bank.
    50. Ghate, Chetan & Pandey, Radhika & Patnaik, Ila, 2013. "Has India emerged? Business cycle stylized facts from a transitioning economy," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 157-172.
    51. Chari, Anusha & Henry, Peter Blair & Moussa, Racha, 2022. "Do finite horizons matter? The welfare consequences of capital account liberalization," Economic Modelling, Elsevier, vol. 114(C).

  16. Alberto Martin & Jaume Ventura, 2010. "Economic Growth with Bubbles," NBER Working Papers 15870, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ricardo Caballero & Emmanuel Farhi & Mohamad L. Hammour, 2004. "Speculative Growth: Hints from the US Economy," NBER Working Papers 10518, National Bureau of Economic Research, Inc.
    2. Lise Clain-Chamosset-Yvrard & Takashi Kamihigashi, 2015. "International Transmission of Bubble Crashes in a Two-Country Overlapping Generations," Discussion Paper Series DP2015-43, Research Institute for Economics & Business Administration, Kobe University.
    3. Toan Phan & Andrew Hanson & Siddhartha Biswas, 2018. "Bubbly Recessions," 2018 Meeting Papers 440, Society for Economic Dynamics.
    4. Esra Alp Coskun & Nicholas Apergis & Yener Coskun, 2022. "Threshold effects of housing affordability and financial development on the house price‐consumption nexus," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 1785-1806, April.
    5. Hui, Xitong, 2025. "Asset prices, wealth inequality, and welfare: safe assets as a solution," Working Paper Series 3162, European Central Bank.
    6. Ken‐ichi Hashimoto & Ryonghun Im, 2019. "Asset bubbles, labour market frictions and R&D‐based growth," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(2), pages 822-846, May.
    7. Miao, Jianjun, 2014. "Introduction to economic theory of bubbles," Journal of Mathematical Economics, Elsevier, vol. 53(C), pages 130-136.
    8. Robert Dobre & Daniel Bulin & Maria-Cristina Iorgulescu & Iulia Monica Oehler-Sincai & Olimpia State, 2020. "Artificial Intelligence Sector: The Next Technology Bubble? A Comparative Analysis with Dotcom Based on Stock Market Data," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 22(76), pages 24-37, June.
    9. Vincenzo Quadrini, 2011. "Financial frictions in macroeconomic fluctations," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(3Q), pages 209-254.
    10. Keiichiro Kobayashi & Asako Chiba, 2020. "Intergenerational Bubbles of Beliefs for Sustainability," Sustainability, MDPI, vol. 12(24), pages 1-10, December.
    11. Nikolov, Kalin & Aoki, Kosuke, 2012. "Bubbles, banks and financial stability," Working Paper Series 1495, European Central Bank.
    12. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    13. Bidian, Florin, 2016. "Robust bubbles with mild penalties for default," Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 141-153.
    14. Basco, Sergi, 2016. "Switching bubbles: From Outside to Inside Bubbles," European Economic Review, Elsevier, vol. 87(C), pages 236-255.
    15. Hori, Takeo & Im, Ryonghun, 2023. "Asset bubbles, entrepreneurial risks, and economic growth," Journal of Economic Theory, Elsevier, vol. 210(C).
    16. Domeij, David & Ellingsen, Tore, 2015. "Rational Bubbles and Economic Crises: A Quantitative Analysis," SSE Working Paper Series in Economics 2015:1, Stockholm School of Economics.
    17. Haddad, Valentin & Ho, Paul & Loualiche, Erik, 2022. "Bubbles and the value of innovation," Journal of Financial Economics, Elsevier, vol. 145(1), pages 69-84.
    18. Weijie Luo, 2017. "Inequality and Growth in the 21st Century," Discussion Papers 17/18, Department of Economics, University of York.
    19. Hirano, Tomohiro & Toda, Alexis Akira, 2024. "Bubble economics," Journal of Mathematical Economics, Elsevier, vol. 111(C).
    20. Yong Jin Kim & Chul‐In Lee, 2019. "Sovereign Debt Crisis In A Monetary Union: Accounting For Excessive Debt, Housing Bubbles, And The Transmission Of Crises," Economic Inquiry, Western Economic Association International, vol. 57(2), pages 1098-1119, April.
    21. Plushchevskaya, Y., 2017. "A Basic Neomarxist Model of Economic Fluctuations," Journal of the New Economic Association, New Economic Association, vol. 35(3), pages 53-69.
    22. López-Salido, J David & Arce, Oscar, 2008. "Housing Bubbles," CEPR Discussion Papers 6932, Centre for Economic Policy Research.
    23. Pierre-Olivier Gourinchas & Olivier Jeanne, 2012. "Global safe assets," BIS Working Papers 399, Bank for International Settlements.
    24. Pham, Ngoc-Sang & Le Van, Cuong & Bosi, Stefano, 2018. "Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints," MPRA Paper 84905, University Library of Munich, Germany, revised 11 Mar 2018.
    25. Wigniolle, B., 2014. "Optimism, pessimism and financial bubbles," Journal of Economic Dynamics and Control, Elsevier, vol. 41(C), pages 188-208.
    26. Clain-Chamosset-Yvrard, Lise & Raurich, Xavier & Seegmuller, Thomas, 2025. "Rational bubbles in portfolios with fundamental value," Mathematical Social Sciences, Elsevier, vol. 138(C).
    27. Ken-ichi Hashimoto & Ryonghun Im & Takuma Kunieda & Akihisa Shibata, 2020. "Asset Bubbles, Unemployment, and Financial Market Frictions," Discussion Paper Series 218, School of Economics, Kwansei Gakuin University.
    28. Jacopo Bonchi & Francesco Simone Lucidi, 2020. "How Low Interest Rates Discern the Bubbles Nature: Leveraged vs Unleveraged Bubble," Working Papers 12/20, Sapienza University of Rome, DISS.
    29. Jianjun Miao & Pengfei Wang & Lifang Xu, 2016. "Stock market bubbles and unemployment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(2), pages 273-307, February.
    30. Inês Xavier, 2022. "Bubbles and Stagnation," Finance and Economics Discussion Series 2022-033, Board of Governors of the Federal Reserve System (U.S.).
    31. Takuma Kunieda & Tarishi Matsuoka & Akihisa Shibata, 2017. "Asset Bubbles, Technology Choice, and Financial Crises," Discussion Paper Series 157, School of Economics, Kwansei Gakuin University, revised Feb 2017.
    32. Jianjun Miao & PENGFEI WANG, 2011. "Bubbles and Credit Constraints," Boston University - Department of Economics - Working Papers Series WP2011-031, Boston University - Department of Economics.
    33. Jaume Ventura, 2015. "Bubbles and Capital Flows," Working Papers 446, Barcelona School of Economics.
    34. Hirano, Tomohiro & Inaba, Masaru & Yanagawa, Noriyuki, 2015. "Asset bubbles and bailouts," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 71-89.
    35. Pengfei Wang & Jianjun Miao, 2012. "Sectoral Bubbles and Endogenous Growth," 2012 Meeting Papers 227, Society for Economic Dynamics.
    36. Barnea, Emanuel & Landskroner, Yoram & Sokoler, Meir, 2015. "Monetary policy and financial stability in a banking economy: Transmission mechanism and policy tradeoffs," Journal of Financial Stability, Elsevier, vol. 18(C), pages 78-90.
    37. Plantin, Guillaume & Barthélemy, Jean & Mengus, Eric, 2019. "Public Liquidity Demand and Central Bank Independence," CEPR Discussion Papers 14160, Centre for Economic Policy Research.
    38. Zhang, Mu & Zheng, Jie, 2017. "A robust reference-dependent model for speculative bubbles," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 232-258.
    39. Cerqueti, Roy & Coppier, Raffaella, 2011. "Economic growth, corruption and tax evasion," Economic Modelling, Elsevier, vol. 28(1), pages 489-500.
    40. Plantin, Guillaume, 2023. "Asset bubbles and inflation as competing monetary phenomena," Journal of Economic Theory, Elsevier, vol. 212(C).
    41. Brahim Gaies, 2017. "Globalisation Financière, Croissance et effets de seuil : Le Cas des pays en développement Les moins avancés," EconomiX Working Papers 2017-25, University of Paris Nanterre, EconomiX.
    42. Jordi Galí, 2020. "Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations," NBER Working Papers 26796, National Bureau of Economic Research, Inc.
    43. Lise Clain-Chamosset-Yvrard & Xavier Raurich & Thomas Seegmuller, 2024. "Entrepreneurship, growth and productivity with bubbles," Post-Print hal-04718292, HAL.
    44. David Salvador Cisneros Zepeda, 2022. "Los efectos del crédito bancario otorgado a la industria y al consumo en el crecimiento económico: evidencia de México, 1994-2017," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(2), pages 1-25, Abril - J.
    45. Hillebrand, Marten & Kikuchi, Tomoo & Sakuragawa, Masaya, 2013. "Bubbles and crowding-in of capital via a savings glut," Working Paper Series in Economics 48, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    46. Cahuc, P. & Edouard Challe, 2010. "Produce or speculate? Asset bubbles, occupational choice and efficiency," Working papers 298, Banque de France.
    47. Wang, Sanchuan, 2025. "The compatibility between financial system and real economy," International Review of Economics & Finance, Elsevier, vol. 97(C).
    48. Aaron Tornell, 2005. "Systemic Crises and Growth (September 2006)," UCLA Economics Online Papers 359, UCLA Department of Economics.
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  17. Fernando A. Broner & Alberto Martin & Jaume Ventura, 2007. "Enforcement Problems and Secondary Markets," NBER Working Papers 13559, National Bureau of Economic Research, Inc.

    Cited by:

    1. Aitor Erce, 2012. "Selective sovereign defaults," Globalization Institute Working Papers 127, Federal Reserve Bank of Dallas.
    2. Viral Acharya & Itamar Drechsler & Philipp Schnabl, 2014. "A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk," Journal of Finance, American Finance Association, vol. 69(6), pages 2689-2739, December.
    3. Man Zhang & Qian Gao & Hyuk-Soo Cho, 2017. "The effect of sub-national institutions and international entrepreneurial capability on international performance of export-focused SMEs: Evidence from China and South Korea," Journal of International Entrepreneurship, Springer, vol. 15(1), pages 85-110, March.
    4. Aitor Erce Domiguez, 2010. "Debtor Discrimination During Sovereign Debt Restructurings," 2010 Meeting Papers 1324, Society for Economic Dynamics.
    5. Schioppa, Claudio A. & Papadia, Andrea, 2015. "Foreign Debt and Secondary Markets: The Case of Interwar Germany," MPRA Paper 102863, University Library of Munich, Germany, revised 2016.
    6. Aitor Erce & Daniel Riera-Crichton, 2015. "Catalytic IMF? A gross flows approach," Working Papers 9, European Stability Mechanism.
    7. Yeyati, Eduardo Levy & Schmukler, Sergio L. & Van Horen, Neeltje, 2007. "Emerging market liquidity and crises," Policy Research Working Paper Series 4445, The World Bank.
    8. Banerjee, Anurag & Hung, Chi-Hsiou Daniel & Lo, Kai Lisa, 2016. "An anatomy of credit risk transfer between sovereign and financials in the Eurozone crisis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 41(C), pages 102-120.
    9. Jaume Ventura & Fernando Broner, 2015. "Rethinking the Effects of Financial Liberalization," Working Papers 509, Barcelona School of Economics.
    10. Chokri Zehri, 2019. "Impact of Financial Liberalisation on Income Inequality: A PVAR Approach," EERI Research Paper Series EERI RP 2019/09, Economics and Econometrics Research Institute (EERI), Brussels.
    11. Ricardo Bebczuk & Maria Lorena Garegnani, 2012. "Real State as Housing and as Financial Investment: A First Assessment for Argentina," Department of Economics, Working Papers 095, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    12. Kiyoung Jeon & Zeynep Yom, 2016. "Income Inequality and Sovereign Default," Villanova School of Business Department of Economics and Statistics Working Paper Series 29, Villanova School of Business Department of Economics and Statistics.
    13. Miguel Palomino Bonilla & Rudy Wong Barrantes, 2011. "Housing Finance in Peru: What is Holding it Back?," Research Department Publications 4748, Inter-American Development Bank, Research Department.
    14. Mario Cuevas & Sigfrido Lee & Maria Isabel Bonilla, 2011. "The Missing Foundations of Housing Finance: Incomplete Markets, Fragmented Policies and Emerging Solutions in Guatemala," Research Department Publications 4750, Inter-American Development Bank, Research Department.
    15. Raddatz, Claudio & Schmukler, Sergio L., 2008. "Pension Funds And Capital Market Development:How Much Bang For The Buck?," Policy Research Working Paper Series 4787, The World Bank.
    16. Fernando Broner & Jaume Ventura, 2010. "Rethinking the effects of financial globalization," Economics Working Papers 1128, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2015.

  18. Fernando Broner & Alberto Martin & Jaume Ventura, 2006. "Sovereign Risk and Secondary Markets," NBER Working Papers 12783, National Bureau of Economic Research, Inc.

    Cited by:

    1. Gaetano Gaballo & A. Zetlin-Jones, 2016. "Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt," Working papers 594, Banque de France.
    2. Matteo Crosignani & Miguel Faria-e-Castro & Luis Fonseca, 2017. "The (Unintended?) Consequences of the Largest Liquidity Injection Ever," Working Papers 2017-039, Federal Reserve Bank of St. Louis.
    3. Dhillon, Amrita & Pickering, Andrew & Sjöström, Tomas, 2019. "Sovereign debt: election concerns and the democratic disadvantage," CAGE Online Working Paper Series 422, Competitive Advantage in the Global Economy (CAGE).
    4. Aitor Erce, 2012. "Selective sovereign defaults," Globalization Institute Working Papers 127, Federal Reserve Bank of Dallas.
    5. Jeon, Kiyoung & Kabukcuoglu, Zeynep, 2018. "Income inequality and sovereign default," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 211-232.
    6. Silvia Marchesi & Tania Masi & Pietro Bomprezzi, 2021. "Is to Forgive to Forget? Sovereign Risk in the Aftermath of a Default," Development Working Papers 475, Centro Studi Luca d'Agliano, University of Milano.
    7. Mengus, E., 2014. "Honoring Sovereign Debt or Bailing Out Domestic Residents: A Theory of Internal Costs of Default," Working papers 480, Banque de France.
    8. Kalemli-Özcan, Sebnem & Baskaya, Soner, 2016. "Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake," CEPR Discussion Papers 11313, Centre for Economic Policy Research.
    9. Viral V. Acharya & Raghuram G. Rajan, 2013. "Sovereign Debt, Government Myopia, and the Financial Sector," The Review of Financial Studies, Society for Financial Studies, vol. 26(6), pages 1526-1560.
    10. MILEA, Camelia, 2022. "Theoretical Aspects Regarding Sovereign Debt And Indebtedness," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 170-177, October.
    11. Ventura, Jaume & Broner, Fernando & Martín, Alberto, 2007. "Enforcement Problems and Secondary Markets," CEPR Discussion Papers 6498, Centre for Economic Policy Research.
    12. Orkun Saka, 2019. "Domestic Banks as Lightning Rods? Home Bias and Information during the Eurozone Crisis," CESifo Working Paper Series 7939, CESifo.
    13. Silvia Marchesi & Tania Masi & Pietro Bomprezzi, 2024. "Is to Forgive to Forget? Sovereign Risk in the Aftermath of Private or Official Debt Restructurings," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 292-334, March.
    14. Qiyuan Deng & Xin Fang & Yun Fong Lim, 2021. "Urban Consolidation Center or Peer‐to‐Peer Platform? The Solution to Urban Last‐Mile Delivery," Production and Operations Management, Production and Operations Management Society, vol. 30(4), pages 997-1013, April.
    15. Rohan Pitchford & Mark L. J. Wright, 2010. "Holdouts in Sovereign Debt Restructuring: A Theory of Negotiation in a Weak Contractual Environment," NBER Working Papers 16632, National Bureau of Economic Research, Inc.
    16. Augustin, Patrick & Sokolovski, Valeri & Subrahmanyam, Marti G. & Tomio, Davide, 2022. "In sickness and in debt: The COVID-19 impact on sovereign credit risk," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1251-1274.
    17. Jeanneret, Alexandre & Souissi, Slim, 2016. "Sovereign defaults by currency denomination," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 197-222.
    18. Enrique Mendoza, 2017. "Optimal Domestic (and External) Sovereign Default," 2017 Meeting Papers 279, Society for Economic Dynamics.
    19. Marina Azzimonti & Vincenzo Quadrini, 2019. "International Spillovers and Bailouts," Department of Economics Working Papers 19-06, Stony Brook University, Department of Economics.
    20. Christoph Trebesch, 2019. "Resolving sovereign debt crises: the role of political risk," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 421-444.
    21. Nicola Gennaioli & Alberto Martin & Stefano Rossi, 2013. "Banks, government bonds, and default: what do the data say?," Economics Working Papers 1378, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2017.
    22. Vincent Bouvatier & Anne-Laure Delatte, 2015. "Waves of international banking integration: A tale of regional differences," Post-Print hal-03472121, HAL.
    23. Carlos Alberto Piscarreta Pinto Ferreira, 2021. "Does Public Debt Ownership Structure Matter for a Borrowing Country?," Working Papers REM 2021/0190, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    24. Marcet, Albert & Scott, Andrew & Faraglia, Elisa, 2008. "In Search of a Theory of Debt Management," CEPR Discussion Papers 6859, Centre for Economic Policy Research.
    25. Stephan Luck & Paul Schempp, 2014. "Sovereign Defaults, Bank Runs, and Contagion," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2014_15, Max Planck Institute for Behavioral Economics.
    26. Wickens, Michael R. & Polito, Vito, 2013. "Sovereign credit ratings in the European Union: a model-based fiscal analysis," CEPR Discussion Papers 9665, Centre for Economic Policy Research.
    27. Cooper, R. & Hubert Kempf & Peled, D., 2007. "Regional Debt in Monetary Unions: Is it Inflationary?," Working papers 186, Banque de France.
    28. Sewon Hur & Illenin O. Kondo & Fabrizio Perri, 2018. "Inflation, Debt, and Default," Working Papers (Old Series) 1812, Federal Reserve Bank of Cleveland.
    29. Crosignani, Matteo, 2021. "Bank capital, government bond holdings, and sovereign debt capacity," Journal of Financial Economics, Elsevier, vol. 141(2), pages 693-704.
    30. Guilherme Bandeira & Jordi Caballe & Eugenia Vella, 2019. "Fiscal Austerity and Migration: A Missing Link," Working Papers 2019009, The University of Sheffield, Department of Economics.
    31. Gomez-Gonzalez, Patricia, 2019. "Public debt structure and liquidity provision," Journal of International Economics, Elsevier, vol. 117(C), pages 51-60.
    32. Josefin Meyer & Carmen M. Reinhart & Christoph Trebesch, 2022. "Sovereign Bonds since Waterloo," Discussion Papers of DIW Berlin 1993, DIW Berlin, German Institute for Economic Research.
    33. Chen, Sheng-Syan & Chen, Hsien-Yi & Chang, Chong-Chuo & Yang, Shu-Ling, 2013. "How do sovereign credit rating changes affect private investment?," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 4820-4833.
    34. Guo, Yanling, 2015. "A reconsideration of multiple equilibria in the analysis of one-period government bonds with default risk," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy, vol. 9, pages 1-52.
    35. Aitor Erce Domiguez, 2010. "Debtor Discrimination During Sovereign Debt Restructurings," 2010 Meeting Papers 1324, Society for Economic Dynamics.
    36. Pablo D'Erasmo & Enrique G. Mendoza, 2013. "Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default," NBER Chapters, in: Sovereign Debt and Financial Crises, National Bureau of Economic Research, Inc.
    37. Kartik Anand & Prasanna Gai, 2019. "Pre-emptive sovereign debt restructuring and holdout litigation," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 364-381.
    38. Aitor Erce & Daniel Riera-Crichton, 2015. "Catalytic IMF? A gross flows approach," Working Papers 9, European Stability Mechanism.
    39. Fernando Broner & Aitor Erce & Alberto Martin & Jaume Ventura, 2013. "Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects," NBER Working Papers 19676, National Bureau of Economic Research, Inc.
    40. Li, Lei & Mihalache, Gabriel, 2025. "Default and development," Journal of International Economics, Elsevier, vol. 155(C).
    41. Bhandari, Anmol & Evans, David & Golosov, Mikhail & Sargent, Thomas J., 2017. "Public debt in economies with heterogeneous agents," Journal of Monetary Economics, Elsevier, vol. 91(C), pages 39-51.
    42. Brahim Gaies & Stéphane Goutte & Khaled Guesmi, 2019. "Banking Crises in Developing Countries-What Crucial Role of Exchange Rate Stability and External Liabilities?," Working Papers hal-01968084, HAL.
    43. Harris Dellas & Dirk Niepelt, 2013. "Credibility for Sale," CESifo Working Paper Series 4335, CESifo.
    44. Chamon, Marcos & Schumacher, Julian & Trebesch, Christoph, 2018. "Foreign-law bonds: Can they reduce sovereign borrowing costs?," Journal of International Economics, Elsevier, vol. 114(C), pages 164-179.
    45. Yeyati, Eduardo Levy & Schmukler, Sergio L. & Van Horen, Neeltje, 2007. "Emerging market liquidity and crises," Policy Research Working Paper Series 4445, The World Bank.
    46. Peter Sinclair, 2011. "Deficits, Debts and Defaults - Past, Present and Future," Discussion Papers 11-20, Department of Economics, University of Birmingham.
    47. Eden, Maya & Kraay, Aart & Qian, Rong, 2012. "Sovereign defaults and expropriations : empirical regularities," Policy Research Working Paper Series 6218, The World Bank.
    48. Broner, Fernando & Didier, Tatiana & Erce, Aitor & Schmukler, Sergio L., 2011. "Gross capital flows : dynamics and crises," Policy Research Working Paper Series 5768, The World Bank.
    49. Ugo Panizza & Federico Sturzenegger & Jeromin Zettelmeyer, 2009. "The Economics and Law of Sovereign Debt and Default," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 651-698, September.
    50. Chen, Sheng-Syan & Chen, Hsien-Yi & Chang, Chong-Chuo & Yang, Shu-Ling, 2016. "The relation between sovereign credit rating revisions and economic growth," Journal of Banking & Finance, Elsevier, vol. 64(C), pages 90-100.
    51. Patrick Bolton & Mitu Gulati & Ugo Panizza, 2022. "Sovereign Debt Puzzles," IHEID Working Papers 27-2022, Economics Section, The Graduate Institute of International Studies.
    52. Eric Mengus, 2014. "International Bailouts: Why Did Banks' Collective Bet Lead Europe to Rescue Greece?," Working papers 502, Banque de France.
    53. Acharya, Viral & Steffen, Sascha, 2013. "The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks," CEPR Discussion Papers 9432, Centre for Economic Policy Research.
    54. Nicola Gennaioli & Alberto Martin & Stefano Rossi, 2009. "Sovereign default, domestic banks and financial institutions," Economics Working Papers 1170, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2012.
    55. Enrique G. Mendoza & Vivian Z. Yue, 2011. "A General Equilibrium Model of Sovereign Default and Business Cycles," NBER Working Papers 17151, National Bureau of Economic Research, Inc.
    56. Yan Bai & Jing Zhang, 2009. "Duration of Sovereign Debt Renegotiation," Working Papers 593, Research Seminar in International Economics, University of Michigan.
    57. Filippo Brutti, 2010. "Legal enforcement, public supply of liquidity and sovereign risk," IEW - Working Papers 464, Institute for Empirical Research in Economics - University of Zurich.
    58. Acharya, Viral V. & Rajan, Raghuram G. & Shim, Jack B., 2024. "Sovereign debt and economic growth when government is myopic and self-interested," Journal of International Economics, Elsevier, vol. 150(C).
    59. Jaume Ventura & Fernando Broner, 2015. "Rethinking the Effects of Financial Liberalization," Working Papers 509, Barcelona School of Economics.
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    62. Pablo A. Gluzmann & Martin M. Guzman & Joseph E. Stiglitz, 2018. "An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability," NBER Working Papers 25256, National Bureau of Economic Research, Inc.
    63. Diego J. Perez, 2015. "Sovereign Debt, Domestic Banks and the Provision of Public Liquidity," Discussion Papers 15-016, Stanford Institute for Economic Policy Research.
    64. Andre Diniz & Bernardo Guimaraes, 2014. "Financial Disruption as a Cost of Sovereign Default: a quantative assessment," Discussion Papers 1427, Centre for Macroeconomics (CFM).
    65. Ağca, Şenay & Celasun, Oya, 2012. "Sovereign debt and corporate borrowing costs in emerging markets," Journal of International Economics, Elsevier, vol. 88(1), pages 198-208.
    66. Carlos Eduardo Gonçalves & Bernardo Guimaraes, 2012. "Optimal fiscal adjustment and the commitment-to-forgive issue," Working Papers, Department of Economics 2012_01, University of São Paulo (FEA-USP).
    67. Dachraoui, Hajer & Smida, Mounir & Sebri, Maamar, 2020. "Role of capital flight as a driver of sovereign bond spreads in Latin American countries," International Economics, Elsevier, vol. 162(C), pages 15-33.
    68. Marina Azzimonti & Vincenzo Quadrini, 2019. "International spillovers and `ex-ante' efficient bailouts," 2019 Meeting Papers 318, Society for Economic Dynamics.
    69. Kiet Duong & Toan Huynh & Anh Phan & Nam Vu, 2024. "From Russia with Love: International Risk-sharing, Sanctions, and Firm Investments," Working Papers 119, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    70. Mark Aguiar & Manuel Amador, 2013. "Sovereign Debt: A Review," NBER Working Papers 19388, National Bureau of Economic Research, Inc.
    71. Fernando Broner & Jaume Ventura, 2010. "Rethinking the effects of financial globalization," Economics Working Papers 1128, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2015.

  20. Ventura, Jaume & Kraay, Aart, 2005. "The Dot-Com Bubble, the Bush Deficits, and the US Current Account," CEPR Discussion Papers 5157, Centre for Economic Policy Research.

    Cited by:

    1. Angeletos, George-Marios & Panousi, Vasia, 2011. "Financial integration, entrepreneurial risk and global dynamics," Journal of Economic Theory, Elsevier, vol. 146(3), pages 863-896, May.
    2. Ventura, Jaume, 2012. "Bubbles and capital flows," Journal of Economic Theory, Elsevier, vol. 147(2), pages 738-758.
    3. Rodrigo Mesa-Arango & Badri Narayanan & Satish V. Ukkusuri, 2019. "The Impact of International Crises on Maritime Transportation Based Global Value Chains," Networks and Spatial Economics, Springer, vol. 19(2), pages 381-408, June.
    4. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    5. Vines, David & Kuralbayeva, Karlygash, 2009. "The process by which the Dollar will fall: the effect of forward-looking consumers," CEPR Discussion Papers 7325, Centre for Economic Policy Research.
    6. Basco, Sergi, 2016. "Switching bubbles: From Outside to Inside Bubbles," European Economic Review, Elsevier, vol. 87(C), pages 236-255.
    7. Fabrice Collard & Sujoy Mukerji & Kevin Sheppard & Jean-Marc Tallon, 2011. "Ambiguity and the historical equity premium," Documents de travail du Centre d'Economie de la Sorbonne 11032r, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, revised Aug 2012.
    8. Yannick Timmer, 2014. "Current Account Dynamics In The Euro Area," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(2), pages 165-191, July.
    9. Jaume Ventura, 2015. "Bubbles and Capital Flows," Working Papers 446, Barcelona School of Economics.
    10. Alberto Martin & Jaume Ventura, 2010. "Economic Growth with Bubbles," NBER Working Papers 15870, National Bureau of Economic Research, Inc.
    11. Charles Engel & John H. Rogers, 2006. "The U.S. current account deficit and the expected share of world output," Proceedings, Federal Reserve Bank of San Francisco, issue jun.
    12. Sarno, Lucio & Fratzscher, Marcel & Juvenal, Luciana, 2009. "Asset Prices, Exchange Rates and the Current Account," CEPR Discussion Papers 7614, Centre for Economic Policy Research.
    13. George-Marios Angeletos & Vasia Panousi, 2011. "Financial Integration, Entrepreneurial Risk and Global Imbalances," NBER Working Papers 16761, National Bureau of Economic Research, Inc.
    14. Lars Calmfors & Giancarlo Corsetti & Seppo Honkapohja & John Kay & Gilles Saint-Paul & Hans-Werner Sinn & Jan-Egbert Sturm & Xavier Vives, 2006. "Chapter 2: Global Imbalances," EEAG Report on the European Economy, CESifo, vol. 0, pages 50-67, March.
    15. Engel, Charles & Rogers, John H., 2006. "The U.S. current account deficit and the expected share of world output," Journal of Monetary Economics, Elsevier, vol. 53(5), pages 1063-1093, July.
    16. Berg, Tim Oliver, 2009. "Cross-country evidence on the relation between equity prices and the current account," IMFS Working Paper Series 22, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    17. Smets, Frank & Dedola, Luca & Bems, Rudolfs, 2007. "US Imbalances: The Role of Technology and Policy," CEPR Discussion Papers 6110, Centre for Economic Policy Research.
    18. Panousi, Vasia, 2009. "Financial Integration and Capital Accumulation," MPRA Paper 24238, University Library of Munich, Germany.
    19. Du, Brian & Serrano, Alejandro & Vianna, Andre, 2021. "Short-term institutions’ information advantage and overvaluation," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    20. Fratzscher, Marcel & Straub, Roland, 2010. "Asset Prices, News Shocks and the Current Account," CEPR Discussion Papers 8080, Centre for Economic Policy Research.
    21. David Laibson & Johanna Mollerstrom, 2010. "Capital Flows, Consumption Booms and Asset Bubbles: A Behavioural Alternative to the Savings Glut Hypothesis," NBER Working Papers 15759, National Bureau of Economic Research, Inc.
    22. Jaume Ventura & Alberto Martin, 2015. "Theoretical Notes on Bubbles and the Current Crisis," Working Papers 519, Barcelona School of Economics.
    23. Fratzscher, Marcel & Straub, Roland, 2009. "Asset prices and current account fluctuations in G7 economies," Working Paper Series 1014, European Central Bank.
    24. Karol Król & Dariusz Zdonek, 2022. "Initiatives to Preserve the Content of Vanishing Web Hosting," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
    25. Atrayee Ghosh Roy & Hendrik Van den Berg, 2009. "Budget deficits and U.S. economic growth," Economics Bulletin, AccessEcon, vol. 29(4), pages 3015-3030.
    26. Martin, Alberto & Ventura, Jaume, 2015. "The international transmission of credit bubbles: Theory and policy," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 37-56.
    27. Charles Engel, 2005. "The US Current Account Deficit: A Re-examination of the Role of Private Saving," RBA Research Discussion Papers rdp2005-09, Reserve Bank of Australia.
    28. Vides, José Carlos & Golpe, Antonio A. & Iglesias, Jesús, 2021. "The impact of the term spread in US monetary policy from 1870 to 2013," Journal of Policy Modeling, Elsevier, vol. 43(1), pages 230-251.
    29. Mthuli Ncube & Eliphas Ndou, 2013. "Working Paper 169 - Monetary Policy and Exchange Rate Shocks on South African Trade Balance," Working Paper Series 448, African Development Bank.
    30. Joseph Steinberg, 2019. "On the Source of U.S. Trade Deficits: Global Saving Glut or Domestic Saving Drought?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 200-223, January.
    31. Demirguc-Kunt, Asli & Serven, Luis, 2009. "Are all the sacred cows dead ? implications of the financial crisis for macro and financial policies," Policy Research Working Paper Series 4807, The World Bank.
    32. Daisuke Ikeda & Toan Phan, 2018. "Asset Bubbles and Global Imbalances," Working Paper 18-7, Federal Reserve Bank of Richmond.
    33. Tinn, K & Vourvachaki, E, 2012. "Can overpricing of technology stocks be good for welfare? Positive spillovers vs. equity market losses," Working Papers 12192, Imperial College, London, Imperial College Business School.
    34. Onyimadu, Chukwuemeka, 2016. "Macroeconomic Volatility and Economic Growth: Evidence from Selected African Countries," MPRA Paper 77200, University Library of Munich, Germany.
    35. Luis Servén & Ha Nguyen, 2013. "Global Imbalances: Origins and Prospects," The World Bank Research Observer, World Bank, vol. 28(2), pages 191-219, August.
    36. Daisuke Ikeda & Toan Phan, 2013. "Asset Bubbles & Global Imbalances," Working Papers 2013-41, Department of Research, Ipag Business School.
    37. Chen Kuo, 2013. "Is the liberalization policy effective on improving bivariate cointegration of current accounts, foreign exchange, stock prices? Further evidence from Asian markets," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(4), pages 1923-1941, June.
    38. Mr. Steven T Phillips & Mr. Luis Catão & Mr. Luca A Ricci & Mr. Rudolfs Bems & Ms. Mitali Das & Mr. Julian Di Giovanni & Ms. Filiz D Unsal & Marola Castillo & Jungjin Lee & Jair Rodriguez & Mr. Mauric, 2013. "The External Balance Assessment (EBA) Methodology," IMF Working Papers 2013/272, International Monetary Fund.
    39. Basco, Sergi, 2014. "Globalization and financial development: A model of the Dot-Com and the Housing Bubbles," Journal of International Economics, Elsevier, vol. 92(1), pages 78-94.
    40. Vides, José Carlos & Golpe, Antonio A. & Iglesias, Jesús, 2020. "The EHTS and the persistence in the spread reconsidered. A fractional cointegration approach," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 124-137.

  21. Ventura, Jaume, 2005. "Global View of Economic Growth," CEPR Discussion Papers 5059, Centre for Economic Policy Research.

    Cited by:

    1. Lindner, Ines & Strulik, Holger, 2017. "Innovation and inequality in a small world," University of Göttingen Working Papers in Economics 313, University of Goettingen, Department of Economics.
    2. Lutz Arnold, 2007. "A generalized multi-country endogenous growth model," International Economics and Economic Policy, Springer, vol. 4(1), pages 61-100, April.
    3. Lucas Bretschger, 2005. "Taxes, Mobile Capital, and Economic Dynamics in a Globalising World," CER-ETH Economics working paper series 05/43, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    4. Markus Brueckner & Paitoon Kraipornsak, 2016. "Determinants of Economic Growth in South East Asia: An Analysis for the First Decade of the Third Millennium," ANU Working Papers in Economics and Econometrics 2016-630, Australian National University, College of Business and Economics, School of Economics.
    5. Schiffbauer, Marc, 2006. "Theoretical and methodological study on the role of public policies in fostering innovation and growth," Papers DYNREG04, Economic and Social Research Institute (ESRI).
    6. Alberto Martin & Jaume Ventura, 2010. "Economic Growth with Bubbles," NBER Working Papers 15870, National Bureau of Economic Research, Inc.
    7. Gino Gancia & Andreas Müller & Fabrizio Zilibotti, 2011. "Structural development accounting," ECON - Working Papers 010, Department of Economics - University of Zurich.
    8. Ioannides, Yannis M., 2015. "Neighborhoods to nations via social interactions," Economic Modelling, Elsevier, vol. 48(C), pages 5-15.
    9. Rose, Andrew, 2005. "Size Really Doesn't Matter: In Search of a National Scale Effect," CEPR Discussion Papers 5350, Centre for Economic Policy Research.
    10. Robert Zymek, 2012. "Factor Proportions and the Growth of World Trade," Edinburgh School of Economics Discussion Paper Series 226, Edinburgh School of Economics, University of Edinburgh.
    11. Jaume Ventura, 2012. "Comment on "How Do Laffer Curves Differ Across Countries?"," NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 249-253, National Bureau of Economic Research, Inc.
    12. Antonio Ciccone & Elias Papaioannou, 2005. "Human capital, the structure of production and growth," Economics Working Papers 902, Department of Economics and Business, Universitat Pompeu Fabra.
    13. Ines Lindner & Holger Strulik, 2015. "The Great Divergence: A Network Approach," CESifo Working Paper Series 5638, CESifo.
    14. Abhijit Chakraborty & Tobias Reisch & Christian Diem & Pablo Astudillo-Estévez & Stefan Thurner, 2024. "Inequality in economic shock exposures across the global firm-level supply network," Nature Communications, Nature, vol. 15(1), pages 1-8, December.
    15. Avendano, Rolando & Tani, Massimiliano & Tolin, Lovely C., 2024. "Regionalism, Productivity, and Innovation," IZA Discussion Papers 17495, IZA Network @ LISER.
    16. Furceri, Davide & Karras, Georgios, 2007. "Country size and business cycle volatility: Scale really matters," Journal of the Japanese and International Economies, Elsevier, vol. 21(4), pages 424-434, December.
    17. Prüfer, P. & Tondl, G., 2008. "The FDI-Growth Nexus in Latin America : The Role of Source Countries and Local Conditions," Other publications TiSEM 73b28850-1597-4bcb-a76c-1, Tilburg University, School of Economics and Management.
    18. Jonathan Temple & Huikang Ying & Patrick Carter, 2014. "Transfers and Transformations: Remittances, Foreign Aid, and Growth," Bristol Economics Discussion Papers 14/649, School of Economics, University of Bristol, UK, revised 02 Dec 2014.
    19. Francis Breedon & Thórarinn Pétursson & Andrew Rose, 2012. "Exchange Rate Policy in Small Rich Economies," Open Economies Review, Springer, vol. 23(3), pages 421-445, July.
    20. Fadinger, Harald, 2011. "Productivity differences in an interdependent world," Journal of International Economics, Elsevier, vol. 84(2), pages 221-232, July.
    21. Mino, Kazuo, 2008. "Financial integration and volatility in a two-country world," MPRA Paper 16953, University Library of Munich, Germany.
    22. Coricelli, Fabrizio & Campos, Nauro & Moretti, Luigi, 2014. "Economic Growth and Political Integration: Estimating the Benefits from Membership in the European Union Using the Synthetic Co," CEPR Discussion Papers 9968, Centre for Economic Policy Research.
    23. Kiminori Matsuyama & Iryna Sushko & Laura Gardini, 2015. "Globalization and synchronization of innovation cycles," Gecomplexity Discussion Paper Series 9, Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation", revised Feb 2015.
    24. Kym Anderson, 2005. "On the Virtues of Multilateral Trade Negotiations," Centre for International Economic Studies Working Papers 2005-15, University of Adelaide, Centre for International Economic Studies.
    25. Harald Fadinger, 2007. "Development Accounting in a Heckscher-Ohlin World," 2007 Meeting Papers 600, Society for Economic Dynamics.
    26. Yunfang Hu & Murray Kemp & Koji Shimomura, 2009. "A two-country dynamic Heckscher–Ohlin model with physical and human capital accumulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 41(1), pages 67-84, October.
    27. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2020. "Populist Leaders and the Economy," ECONtribute Discussion Papers Series 036, University of Bonn and University of Cologne, Germany.
    28. Kiminori Matsuyama, 2009. "Structural Change in an Interdependent World: A Global View of Manufacturing Decline," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 478-486, 04-05.
    29. Nishiyama, Hiroyuki & Gintani, Yasuhiro & Tsuboi, Mizuki, 2024. "The impact of trade on growth and welfare with heterogeneous firms and rent-sharing," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 731-742.
    30. Campos, Nauro F. & Coricelli, Fabrizio & Franceschi, Emanuele, 2022. "Institutional integration and productivity growth: Evidence from the 1995 enlargement of the European Union," European Economic Review, Elsevier, vol. 142(C).
    31. Jaume Ventura & Fernando Broner, 2015. "Globalization and Risk Sharing," Working Papers 307, Barcelona School of Economics.
    32. Pia Wassmann, 2015. "The Economic Effect of the EU Eastern Enlargement for Border Regions in the Old Member States," ERSA conference papers ersa15p774, European Regional Science Association.
    33. Yannis M. Ioannides, 2008. "Intercity Trade and Convergent versus Divergent Urban Growth," Discussion Papers Series, Department of Economics, Tufts University 0723, Department of Economics, Tufts University.
    34. Levchenko, Andrei & Bartelme, Dominick & Lan, Ting, 2020. "Specialization, Market Access and Real Income," CEPR Discussion Papers 15604, Centre for Economic Policy Research.
    35. Andrew K. Rose, 2006. "Size Really Doesn't Matter: In Search of a National Scale Effect," NBER Working Papers 12191, National Bureau of Economic Research, Inc.
    36. Campos, Nauro F. & Coricelli, Fabrizio & Moretti, Luigi, 2019. "Institutional integration and economic growth in Europe," Journal of Monetary Economics, Elsevier, vol. 103(C), pages 88-104.
    37. Cavusoglu, Nevin, 2012. "LISREL growth model on direct and indirect effects using cross-country data," Economic Modelling, Elsevier, vol. 29(6), pages 2362-2370.
    38. Campos, Nauro F. & Coricelli, Fabrizio & Moretti, Luigi, 2014. "Economic Growth and Political Integration: Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method," IZA Discussion Papers 8162, IZA Network @ LISER.
    39. Fabio Monteforte & Mathan Satchi & Jonathan Temple, 2019. "Development Priorities: The Relative Benefits of Agricultural Growth," Bristol Economics Discussion Papers 19/716, School of Economics, University of Bristol, UK.

  22. Aart Kraay & Jaume Ventura, 2002. "Trade Integration and Risk Sharing," NBER Working Papers 8804, National Bureau of Economic Research, Inc.

    Cited by:

    1. Attilio Gardini & Giuseppe Cavaliere & Luca Fanelli, 2006. "Risk sharing, avversione al rischio e stabilizzazione delle economie regionali in Italia," Quaderni di Dipartimento 0, Department of Statistics, University of Bologna.
    2. Clancy, Daragh & Ricci, Lorenzo, 2022. "Economic sentiments and international risk sharing," International Economics, Elsevier, vol. 169(C), pages 208-229.
    3. Christian Broda, 2002. "Uncertainty, exchange rate regimes, and national price levels," Staff Reports 151, Federal Reserve Bank of New York.
    4. Mihailov, Alexander, 2003. "When and How Much Does a Peg Increase Trade? The Role of Trade Costs and Import Demand Elasticity under Monetary Uncertainty," Economics Discussion Papers 8866, University of Essex, Department of Economics.
    5. Matteo Cacciatore, 2012. "International Trade and Macroeconomic Dynamics with Labor Market Frictions," 2012 Meeting Papers 875, Society for Economic Dynamics.
    6. Feng Dai & Songtao Wu & Ling Liang & Zifu Qin, 2016. "Bilateral Trade under Environmental Pressure: Balanced Growth," Journal of Industry, Competition and Trade, Springer, vol. 16(2), pages 209-231, June.
    7. Broda, Christian, 2006. "Exchange rate regimes and national price levels," Journal of International Economics, Elsevier, vol. 70(1), pages 52-81, September.
    8. Fabio Ghironi & Marc J. Melitz, 2005. "International Trade and Macroeconomic Dynamics with Heterogeneous Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(3), pages 865-915.
    9. Cuñat, Alejandro & Fons-Rosen, Christian, 2008. "Relative Factor Endowments and International Portfolio Choice," CEPR Discussion Papers 6870, Centre for Economic Policy Research.
    10. Mathias Hoffmann, 2008. "The Lack of International Consumption Risk Sharing: Can Inflation Differentials and Trading Costs Help Explain the Puzzle?," Open Economies Review, Springer, vol. 19(2), pages 183-201, April.
    11. Timothy J. Kehoe & Kim J. Ruhl, 2009. "How important is the new goods margin in international trade?," Staff Report 324, Federal Reserve Bank of Minneapolis.
    12. Daragh Clancy & Lorenzo Ricci, 2019. "Loss aversion, economic sentiments and international consumption smoothing," Working Papers 35, European Stability Mechanism.
    13. Elizabeth M Moore & Luis Alfonso Dau & Santiago Mingo, 2021. "The effects of trade integration on formal and informal entrepreneurship: The moderating role of economic development," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(4), pages 746-772, June.
    14. Kanda Naknoi, 2005. "Real exchange rate fluctuations, endogenous tradability and exchange rate regime," International Finance 0509004, University Library of Munich, Germany, revised 07 Nov 2005.
    15. Christian Friedrich, 2015. "Does Financial Integration Increase Welfare? Evidence from International Household-Level Data," Staff Working Papers 15-4, Bank of Canada.
    16. Alexander Mihailov, 2004. "Effects of the exchange-rate regime on trade: the role of price setting," Money Macro and Finance (MMF) Research Group Conference 2003 66, Money Macro and Finance Research Group.

  23. Ventura, Jaume, 2002. "Bubbles and Capital Flows," CEPR Discussion Papers 3657, Centre for Economic Policy Research.

    Cited by:

    1. Robert Dobre & Daniel Bulin & Maria-Cristina Iorgulescu & Iulia Monica Oehler-Sincai & Olimpia State, 2020. "Artificial Intelligence Sector: The Next Technology Bubble? A Comparative Analysis with Dotcom Based on Stock Market Data," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 22(76), pages 24-37, June.
    2. Kosuke Aoki & Kalin Nikolov, 2011. "Bubbles, Banks, and Financial Stability," CARF F-Series CARF-F-253, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    3. López-Salido, J David & Arce, Oscar, 2008. "Housing Bubbles," CEPR Discussion Papers 6932, Centre for Economic Policy Research.
    4. Aart Kraay & Jaume Ventura, 2015. "The Dot-Com Bubble, the Busch Deficits and the US Current Account," Working Papers 216, Barcelona School of Economics.
    5. Philip R. Lane, 2003. "The Macroeconomics of International Financial Trade," Trinity Economics Papers 200314, Trinity College Dublin, Department of Economics.
    6. Sean Joss Gossel & Nicholas Biekpe, 2012. "The effects of capital inflows on South Africa's economy," Applied Financial Economics, Taylor & Francis Journals, vol. 22(11), pages 923-938, June.
    7. Alberto Martin & Jaume Ventura, 2010. "Economic Growth with Bubbles," NBER Working Papers 15870, National Bureau of Economic Research, Inc.
    8. Ricardo J. Caballero & Arvind Krishnamurthy, 2005. "Bubbles and Capital Flow Volatility: Causes and Risk Management," NBER Working Papers 11618, National Bureau of Economic Research, Inc.
    9. Lijian Sun & Shengxing Zhang, 2008. "External Dependent Economy and Structural Real Estate Bubbles in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(1), pages 34-50, January.
    10. Obstfeld, Maurice, 2004. "External Adjustment," Center for International and Development Economics Research, Working Paper Series qt7bw468wx, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
    11. Ippei Fujiwara & Koji Takahashi, 2011. "Asian financial linkage: macro-finance dissonance," Globalization Institute Working Papers 92, Federal Reserve Bank of Dallas.
    12. Romaine Ranciere & Aaron Tornell & Frank Westermann, 2003. "Crises and Growth: A Re-Evaluation," NBER Working Papers 10073, National Bureau of Economic Research, Inc.
    13. Soyoung Kim & Doo Yang, 2011. "The Impact of Capital Inflows on Asset Prices in Emerging Asian Economies: Is Too Much Money Chasing Too Little Good?," Open Economies Review, Springer, vol. 22(2), pages 293-315, April.
    14. Emmanuel Farhi & Jean Tirole, 2008. "Competing Liquidities: Corporate Securities, Real Bonds and Bubbles," NBER Working Papers 13955, National Bureau of Economic Research, Inc.
    15. Bo Zhao, 2015. "Rational housing bubble," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 60(1), pages 141-201, September.
    16. Jaume Ventura, 2015. "A Global View of Economic Growth," Working Papers 203, Barcelona School of Economics.
    17. Christian Hellwig & Guido Lorenzoni, 2006. "Bubbles and Self-Enforcing Debt," NBER Working Papers 12614, National Bureau of Economic Research, Inc.
    18. Soyoung Kim & Doo Yong Yang, 2009. "Do Capital Inflows Matter to Asset Prices? The Case of Korea," Asian Economic Journal, East Asian Economic Association, vol. 23(3), pages 323-348, September.
    19. Abdul Rashid & Fazal Husain, 2013. "Capital Inflows, Inflation, and the Exchange Rate Volatility- An Investigation for Linear and Nonlinear Causal Linkages," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 52(3), pages 183-206.
    20. Agnese, Pablo & Hromcová, Jana, 2015. "Bubble Economics and Structural Change: The Cases of Spain and France Compared," IZA Discussion Papers 8942, IZA Network @ LISER.
    21. Demirguc-Kunt, Asli & Serven, Luis, 2009. "Are all the sacred cows dead ? implications of the financial crisis for macro and financial policies," Policy Research Working Paper Series 4807, The World Bank.
    22. Stefano Bosi & Cuong Le Van & Ngoc-Sang Pham, 2014. "Intertemporal equilibrium with production: bubbles and efficiency," Documents de travail du Centre d'Economie de la Sorbonne 14043, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    23. Christian Hellwig, 2003. "Bubbles and Self-enforcing Debt (October 2006, with Guido Lorenzoni)," UCLA Economics Online Papers 229, UCLA Department of Economics.
    24. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc.
    25. Ventura, Jaume & Martín, Alberto, 2010. "Theoretical Notes on Bubbles and the Current Crisis," CEPR Discussion Papers 8038, Centre for Economic Policy Research.

  24. Ventura, Jaume, 2002. "Towards a Theory of Current Accounts," CEPR Discussion Papers 3545, Centre for Economic Policy Research.

    Cited by:

    1. Erauskin, Iñaki, 2015. "Savings, the size of the net foreign asset position, and the dynamics of current accounts," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 353-370.
    2. Fratzscher, Marcel & Müller, Gernot J. & Bussière, Matthieu, 2004. "Current accounts dynamics in OECD and EU acceding countries - an intertemporal approach," Working Paper Series 311, European Central Bank.
    3. Clancy, Daragh & Ricci, Lorenzo, 2022. "Economic sentiments and international risk sharing," International Economics, Elsevier, vol. 169(C), pages 208-229.
    4. Zymek, Robert, 2013. "Factor Proportions and the Growth of World Trade," SIRE Discussion Papers 2013-77, Scottish Institute for Research in Economics (SIRE).
    5. Jaume Ventura & Fernando Broner, 2015. "Rethinking the Effects of Financial Liberalization," Working Papers 509, Barcelona School of Economics.
    6. Shang-Jin Wei & Mr. Jiandong Ju, 2006. "A Solution to Two Paradoxes of International Capital Flows," IMF Working Papers 2006/178, International Monetary Fund.
    7. Herrmann, Sabine & Jochem, Axel, 2005. "Determinants of current account developments in the central and east European EU member states - consequences for the enlargement of the euro area," Discussion Paper Series 1: Economic Studies 2005,32, Deutsche Bundesbank.
    8. Georgopoulos, George & Hejazi, Walid, 2009. "The Feldstein-Horioka puzzle revisited: Is the home-bias much less?," International Review of Economics & Finance, Elsevier, vol. 18(2), pages 341-350, March.
    9. Sebastián Edwards, 2008. "On Current Account Surpluses and the Correction of Global Imbalances," Central Banking, Analysis, and Economic Policies Book Series, in: Kevin Cowan & Sebastián Edwards & Rodrigo O. Valdés & Norman Loayza (Series Editor) & Klaus Schmidt- (ed.),Current Account and External Financing, edition 1, volume 12, chapter 2, pages 025-083, Central Bank of Chile.
    10. Domenico Giannone & Michele Lenza, 2010. "The Feldstein-Horioka Fact," NBER Chapters, in: NBER International Seminar on Macroeconomics 2009, pages 103-117, National Bureau of Economic Research, Inc.
    11. Sebastian Edwards, 2004. "Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops," IMF Staff Papers, Palgrave Macmillan, vol. 51(s1), pages 1-49, June.
    12. Hwang, Sun Ho & Kim, Yun Jung, 2018. "Capital mobility in OECD countries: A multi-level factor approach to saving–investment correlations," Economic Modelling, Elsevier, vol. 69(C), pages 150-159.
    13. Chayawadee Chai-anant & Ubonrat Jantarang, 2004. "Current Account Adjustment and Policy Instrument Responsiveness," Working Papers 2004-04, Monetary Policy Group, Bank of Thailand.
    14. Juan Jos� Echevarr�a & Diego V�squez & Mauricio Villamizar, 2005. "La Tasa De Cambio Real En Colombia. �Muy Lejos Del Equilibrio?," Borradores de Economia 3083, Banco de la Republica.
    15. Helmut Herwartz & Florian Siedenburg, 2007. "Determinants of Current Account Imbalances in 16 OECD Countries: An Out-Of-Sample Perspective," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(2), pages 349-374, July.
    16. Olivier Blanchard & Francesco Giavazzi, 2002. "Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 147-210.
    17. Fernando Broner & Jaume Ventura, 2010. "Rethinking the effects of financial globalization," Economics Working Papers 1128, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2015.

  25. Ventura, Jaume & Kraay, Aart, 2002. "Current Accounts in the Long and Short Run," CEPR Discussion Papers 3440, Centre for Economic Policy Research.

    Cited by:

    1. Constantin Bürgi & Vida Bobic & Min Wu, 2019. "Net Capital Flows and Portfolio Diversification," CESifo Working Paper Series 7883, CESifo.
    2. Stephanie E. Curcuru & Charles P. Thomas & Francis E. Warnock & Jon Wongswan, 2014. "Uncovered Equity Parity and Rebalancing in International Portfolios," International Finance Discussion Papers 1103, Board of Governors of the Federal Reserve System (U.S.).
    3. Erauskin, Iñaki, 2015. "Savings, the size of the net foreign asset position, and the dynamics of current accounts," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 353-370.
    4. Melitz, Jacques & MacDonald, Ronald & Fazio, Giorgio, 2005. "Trade Costs, Trade Balances and Current Accounts: An Application of Gravity to Multilateral Trade," CEPR Discussion Papers 5137, Centre for Economic Policy Research.
    5. Cédric Tille & Eric Van Wincoop, 2007. "International capital flows," Staff Reports 280, Federal Reserve Bank of New York.
    6. Hnatkovska, Viktoria, 2010. "Home bias and high turnover: Dynamic portfolio choice with incomplete markets," Journal of International Economics, Elsevier, vol. 80(1), pages 113-128, January.
    7. António Afonso & João Tovar Jalles, 2019. "Decomposing and Analysing the Determinants of Current Accounts’ Cyclicality: Evidence from the Euro Area," Open Economies Review, Springer, vol. 30(1), pages 133-156, February.
    8. Ricardo Reyes-Heroles, 2017. "The Role of Trade Costs in the Surge of Trade Imbalances," 2017 Meeting Papers 212, Society for Economic Dynamics.
    9. Adian McFarlane & Young Cheol Jung & Anupam Das, 2020. "The dynamics among domestic saving, investment, and the current account balance in the USA: a long-run perspective," Empirical Economics, Springer, vol. 58(4), pages 1659-1680, April.
    10. Jaume Ventura, 2002. "Towards a Theory of Current Accounts," NBER Working Papers 9163, National Bureau of Economic Research, Inc.
    11. Robert Zymek, 2012. "Factor Proportions and the Growth of World Trade," Edinburgh School of Economics Discussion Paper Series 226, Edinburgh School of Economics, University of Edinburgh.
    12. João Sousa Andrade, 2006. "Mobilidade do Capital e Sustentabilidade Externa: uma aplicação da tese de F-H a Portugal (1910-2004)," GEMF Working Papers 2006-04, GEMF, Faculty of Economics, University of Coimbra.
    13. Jarko Fidrmuc, 2003. "The Feldstein–Horioka Puzzle and Twin Deficits in Selected Countries," Economic Change and Restructuring, Springer, vol. 36(2), pages 135-152, June.
    14. Rabitsch, Katrin & Stepanchuk, Serhiy & Tsyrennikov, Viktor, 2014. "International Portfolios: A Comparison of Solution Methods," Department of Economics Working Paper Series 159, WU Vienna University of Economics and Business.
    15. Tille, Cedric & van Wincoop, Eric, 2010. "A new perspective on "the new rule"of the current account," Journal of International Economics, Elsevier, vol. 80(1), pages 89-99, January.
    16. Aleksandar Stojkov, 2006. "A Survey Of Competing Theoretical Approaches To Current Account Determination," Journal Articles, Center For Economic Analyses, pages 1-32, June.
    17. Luo, Yulei & Nie, Jun & Young, Eric R., 2012. "Robustness, information–processing constraints, and the current account in small open economies," Journal of International Economics, Elsevier, vol. 88(1), pages 104-120.
    18. Rey, Hélène & Coeurdacier, Nicolas, 2012. "Home Bias in Open Economy Financial Macroeconomics," CEPR Discussion Papers 8746, Centre for Economic Policy Research.
    19. Stephanie E. Curcuru & Charles P. Thomas & Francis E. Warnock & Jon Wongswan, 2011. "U.S. International Equity Investment and Past and Prospective Returns," NBER Working Papers 16677, National Bureau of Economic Research, Inc.
    20. José Anson & Mauro Boffa, 2018. "Consumer Arbitrage in Cross-Border E-commerce," RSCAS Working Papers 2018/17, European University Institute.
    21. Artis, Michael J. & Hoffmann, Mathias, 2006. "The Home Bias and Capital Income Flows between Countries and Regions," Technical Reports 2006,13, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
    22. Guo, Kai & Jin, Keyu, 2009. "Composition and growth effects of the current account: A synthesized portfolio view," Journal of International Economics, Elsevier, vol. 79(1), pages 31-41, September.
    23. John D. Burger & Francis E. Warnock & Veronica Cacdac Warnock, 2018. "Benchmarking Portfolio Flows," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(3), pages 527-563, September.
    24. Trachanas, Emmanouil & Katrakilidis, Constantinos, 2013. "The dynamic linkages of fiscal and current account deficits: New evidence from five highly indebted European countries accounting for regime shifts and asymmetries," Economic Modelling, Elsevier, vol. 31(C), pages 502-510.
    25. Jaume Ventura & Fernando Broner, 2015. "Rethinking the Effects of Financial Liberalization," Working Papers 509, Barcelona School of Economics.
    26. Giancarlo Corsetti & Panagiotis Th. Konstantinou, 2009. "What Drives US Foreign Borrowing? Evidence on External Adjustment to Transitory and Permanent Shocks," Discussion Paper Series 2009_03, Department of Economics, University of Macedonia, revised Jan 2009.
    27. Sebastian Edwards, 2005. "Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?," NBER Working Papers 11541, National Bureau of Economic Research, Inc.
    28. Huseyin Kalyoncu & Naveed Naqvi & Christopher Tsoukis, 2004. "Industrial Production and the Current Account: Theory and Panel Data Evidence from the OECD," Money Macro and Finance (MMF) Research Group Conference 2004 72, Money Macro and Finance Research Group.
    29. Abadie, Alberto & Gardeazabal, Javier, 2005. "Terrorism and the World Economy," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    30. Seema Narayan & Sivagowry Sriananthakumar, 2020. "Are the Current Account Imbalances on a Sustainable Path?," JRFM, MDPI, vol. 13(9), pages 1-24, September.
    31. Stephanie E. Curcuru & Charles P. Thomas & Francis E. Warnock & Jon Wongswan, 2011. "U.S. international equity investment and past prospective returns," International Finance Discussion Papers 1016, Board of Governors of the Federal Reserve System (U.S.).
    32. Sebastian Edwards, 2004. "Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops," IMF Staff Papers, Palgrave Macmillan, vol. 51(s1), pages 1-49, June.
    33. Sebastian Edwards, 2004. "Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops," NBER Working Papers 10276, National Bureau of Economic Research, Inc.
    34. John D. Burger & Francis E. Warnock & Veronica Cacdac Warnock, 2019. "The Natural Level of Capital Flows," NBER Working Papers 26184, National Bureau of Economic Research, Inc.
    35. Sebastian Edwards, 2007. "On Current Account Surpluses and the Correction of Global Imbalances," NBER Working Papers 12904, National Bureau of Economic Research, Inc.
    36. Yulei Luo & Jun Nie & Eric Young, 2010. "Robust control, informational frictions, and international consumption correlations," Research Working Paper RWP 10-16, Federal Reserve Bank of Kansas City.
    37. Jerry Coakley & Ana-Maria Fuertes & Fabio Spagnolo, 2004. "The Feldstein-Horioka puzzle is not as bad as you think," Money Macro and Finance (MMF) Research Group Conference 2003 17, Money Macro and Finance Research Group.
    38. Sal AMIRKHALKHALI & Atul DAR, 2016. "Public Debt, Saving-Investment-Current Account Dynamics, and Capital Mobility in OECD countries, 1999-2013," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(1), pages 5-12.
    39. Inaki Erauskin-Iurrita, 2004. "The current account and the new rule in a two-country world," International Finance 0412004, University Library of Munich, Germany.
    40. Mariam Camarero & Jesús Peiró-Palomino & Cecilio Tamarit, 2017. "External imbalances and growth," Working Papers 2017/02, Economics Department, Universitat Jaume I, Castellón (Spain).
    41. Claudia Canals & Xavier Gabaix & Josep M. Vilarrubia & David Weinstein, 2007. "Trade patterns, trade balances and idiosyncratic shocks," Working Papers 0721, Banco de España.
    42. Tarlok Singh, 2007. "Intertemporal Optimizing Models Of Trade And Current Account Balance: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 25-64, February.
    43. Jacques Mélitz, 2004. "Risk‐sharing and EMU," Journal of Common Market Studies, Wiley Blackwell, vol. 42(4), pages 815-840, November.
    44. Filippo Brutti & Philip U. Sauré, 2014. "Repatriation of Debt in the Euro Crisis: Evidence for the Secondary Market Theory," Working Papers 2014-03, Swiss National Bank.
    45. Reda Cherif & Fuad Hasanov, 2012. "The Volatility Trap: Precautionary Saving, Investment, and Aggregate Risk," IMF Working Papers 2012/134, International Monetary Fund.
    46. Evans, Martin D.D. & Hnatkovska, Viktoria V., 2014. "International capital flows, returns and world financial integration," Journal of International Economics, Elsevier, vol. 92(1), pages 14-33.
    47. Mr. Jens R Clausen & Ms. Magda E. Kandil, 2005. "On Cyclicality in the Current and Financial Accounts: Evidence from Nine Industrial Countries," IMF Working Papers 2005/056, International Monetary Fund.
    48. Alberto Bagnai, 2006. "Structural breaks and the twin deficits hypothesis," International Economics and Economic Policy, Springer, vol. 3(2), pages 137-155, November.
    49. Neeraj Nautiyal & Shweta Belwal & Rakesh Belwal, 2023. "Assessment, Interaction and the Transmission Process of Twin deficit Hypothesis: Fresh Evidence from India," Business Perspectives and Research, , vol. 11(2), pages 269-286, May.
    50. John C. Bluedorn, 2005. "Hurricanes: Intertemporal Trade and Capital Shocks," Economics Series Working Papers 241, University of Oxford, Department of Economics.
    51. Fernando Broner & Jaume Ventura, 2010. "Rethinking the effects of financial globalization," Economics Working Papers 1128, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2015.

  26. Ventura, Jaume & Kraay, Aart, 2001. "Product Prices and the OECD Cycle," CEPR Discussion Papers 3019, Centre for Economic Policy Research.

    Cited by:

    1. Alejandro Cunat & Marco Maffezzoli, 2004. "Hecksher-Ohlin Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(3), pages 555-585, July.
    2. Robert J. Barro & Silvana Tenreyro, 2000. "Closed and Open Economy Models of Business Cycles with Marked Up and Sticky Prices," NBER Working Papers 8043, National Bureau of Economic Research, Inc.
    3. Jin, Keyu, 2009. "International business cycles with heterogeneous sectors," LSE Research Online Documents on Economics 25828, London School of Economics and Political Science, LSE Library.
    4. Ellen R. McGrattan, 2001. "Predicting the effects of Federal Reserve policy in a sticky price model: an analytical approach," Proceedings, Federal Reserve Bank of San Francisco, issue jun.
    5. Robert J. Barro & Silvana Tenreyro, 2001. "Closed and open economy models of business cycles with marked-up and sticky prices," Proceedings, Federal Reserve Bank of San Francisco, issue jun.

  27. Servén, Luis & Ventura, Jaume & Loayza, Norman & Kraay, Aart, 2001. "Country Portfolios," CEPR Discussion Papers 2974, Centre for Economic Policy Research.

    Cited by:

    1. Fabrizio Perri & Jonathan Heathcote, 2007. "The International Diversification Puzzle Is Not as Bad as You Think," Working Papers 2007-3, University of Minnesota, Department of Economics, revised 08 Oct 2007.
    2. Gwenhamo, Farayi & Fedderke, Johannes W., 2013. "The composition of foreign capital stocks in South Africa: The role of institutions, domestic risk and neighbourhood effects," Economic Modelling, Elsevier, vol. 35(C), pages 763-770.
    3. Erauskin, Iñaki, 2013. "The impact of financial openness on the size of utility-enhancing government," Economics Discussion Papers 2013-7, Kiel Institute for the World Economy.
    4. Coeurdacier, Nicolas & Guibaud, Stéphane, 2011. "International portfolio diversification is better than you think," Journal of International Money and Finance, Elsevier, vol. 30(2), pages 289-308, March.
    5. Josep Lluís CARRION-I-SILVESTRE & Mariam CAMARERO & Josep LLUÍS CARRION-I-SILVESTRE & Cecilio TAMARIT, 2010. "External Imbalances in a Monetary Union. Does the Lawson Doctrine Apply to Europe?," EcoMod2010 259600036, EcoMod.
    6. Ke Pang, 2011. "Equity home bias, incomplete financial markets, and nominal rigidities," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(1), pages 340-363, February.
    7. Cavallo, Michele & Ghironi, Fabio, 2002. "Net foreign assets and the exchange rate: Redux revived," Journal of Monetary Economics, Elsevier, vol. 49(5), pages 1057-1097, July.
    8. César A. Calderón, 2002. "Real Exchange Rates in the Long and Short Run: A Panel Co-Integration Approach," Working Papers Central Bank of Chile 153, Central Bank of Chile.
    9. Mondria, Jordi & Wu, Thomas, 2006. "The Puzzling Evolution of the Home Bias, Information Processing and Financial Openness," Santa Cruz Department of Economics, Working Paper Series qt4wg39067, Department of Economics, UC Santa Cruz.
    10. Ventura, Jaume, 2002. "Bubbles and Capital Flows," CEPR Discussion Papers 3657, Centre for Economic Policy Research.
    11. Aizenman, Joshua & Pinto, Brian & Radziwill, Artur, 2004. "Sources for Financing Domestic Capital - is Foreign Saving a Viable Option for Developing Countries?," Santa Cruz Center for International Economics, Working Paper Series qt7g18546z, Center for International Economics, UC Santa Cruz.
    12. Coeurdacier, Nicolas & Kollmann, Robert Miguel W. K. & Martin, Philippe J., 2008. "International portfolios, capital accumulation and foreign assets dynamics," Discussion Paper Series 1: Economic Studies 2008,19, Deutsche Bundesbank.
    13. Melitz, Jacques & MacDonald, Ronald & Fazio, Giorgio, 2005. "Trade Costs, Trade Balances and Current Accounts: An Application of Gravity to Multilateral Trade," CEPR Discussion Papers 5137, Centre for Economic Policy Research.
    14. Rahul Mukherjee, 2011. "Country Portfolios with Imperfect Corporate Governance," IHEID Working Papers 08-2011, Economics Section, The Graduate Institute of International Studies.
    15. Rui Albuquerque, 2004. "The Composition of International Capital Flows: Risk Sharing Through Foreign Direct Investment," International Finance 0405004, University Library of Munich, Germany.
    16. Hoffmann, M., 2002. "Cross-Country Evidence on the Link between the Level of Infrastructure and Capital Inflows," CEG Working Papers 20024, Trinity College Dublin, Department of Economics.
    17. Jean Tirole, 2003. "Inefficient Foreign Borrowing: A Dual-and Common-Agency Perspective," Levine's Working Paper Archive 506439000000000136, David K. Levine.
    18. Milesi-Ferretti, Gian Maria & Lane, Philip, 2000. "External Capital Structure: Theory and Evidence," CEPR Discussion Papers 2583, Centre for Economic Policy Research.
    19. Alina Kudina & Oleksandr Lozovyi, 2007. "Determinants of Portfolio Flows into CIS Countries," CASE Network Studies and Analyses 0354, CASE-Center for Social and Economic Research.
    20. Sutherland, Alan & Devereux, Michael B, 2006. "Solving for Country Portfolios in Open Economy Macro Models," CEPR Discussion Papers 5966, Centre for Economic Policy Research.
    21. Becker, Sascha O. & Hoffmann, Mathias, 2006. "Intra- and international risk-sharing in the short run and the long run," European Economic Review, Elsevier, vol. 50(3), pages 777-806, April.
    22. Sandra Lizarazo, 2009. "Default Risk and Risk Averse International Investors," Working Papers 0907, Centro de Investigacion Economica, ITAM.
    23. Ziesemer, Thomas, 2007. "Estimations of US debt dynamics: Growth cum debt and the savings glut in Kouri’s model," MERIT Working Papers 2007-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    24. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    25. Koehler-Geib, Friederike Norma, 2008. "The Effect of Uncertainty on the Occurrence and Spread of Financial Crises," Munich Dissertations in Economics 8067, University of Munich, Department of Economics.
    26. Loayza, Norman V. & Soto, Raimundo, 2004. "On the measurement of market-oriented reforms," Policy Research Working Paper Series 3371, The World Bank.
    27. Pinar Yesin, 2015. "Capital flow waves to and from Switzerland before and after the financial crisis," Working Papers 15.02, Swiss National Bank, Study Center Gerzensee.
    28. Levy Yeyati, Eduardo & Williams, Tomas, 2012. "Emerging economies in the 2000s: Real decoupling and financial recoupling," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2102-2126.
    29. Jaume Ventura, 2002. "Towards a Theory of Current Accounts," NBER Working Papers 9163, National Bureau of Economic Research, Inc.
    30. Robert Zymek, 2012. "Factor Proportions and the Growth of World Trade," Edinburgh School of Economics Discussion Paper Series 226, Edinburgh School of Economics, University of Edinburgh.
    31. Jordi Mondria & Thomas Wu, 2012. "Familiarity and Surprises in International Financial Markets: Bad news travels like wildfire, good news travels slow," 2012 Meeting Papers 50, Society for Economic Dynamics.
    32. Sabine Jokisch & Laurence J. Kotlikoff, 2005. "Simulating the Dynamic Macroeconomic and Microeconomic Effects of the FairTax," NBER Working Papers 11858, National Bureau of Economic Research, Inc.
    33. Hans Fehr & Sabine Jokisch & Laurence Kotlikoff, 2004. "Fertility, Mortality, and the Developed World’s Demographic Transition," CESifo Working Paper Series 1326, CESifo.
    34. Gian-Maria Milesi-Ferretti & Cedric Tille, 2011. "The Great Retrenchment: International Capital Flows During the Global Financial Crisis," Working Papers 382011, Hong Kong Institute for Monetary Research.
    35. Francisco Ceballos & Tatiana Didier & Sergio L. Schmukler, 2012. "Financial Globalization in Emerging Countries: Diversification vs. Offshoring," ADBI Working Papers 389, Asian Development Bank Institute.
    36. Eduardo Levy-Yeyati & Tomas Williams, 2011. "Financial globalization in emerging economies:Much ado about nothing?," Business School Working Papers 2011-01, Universidad Torcuato Di Tella.
    37. Fratzscher, Marcel & Imbs, Jean, 2007. "Risk sharing, finance and institutions in international portfolios," Working Paper Series 826, European Central Bank.
    38. Ayse Imrohoroglu & Krishna B. Kumar, 2003. "Entry Costs, Intermediation, and Capital Flows," Macroeconomics 0304001, University Library of Munich, Germany.
    39. Fidel Pérez Sebastián & Lilia Maliar & Serguei Maliar, 2005. "Sovereign Risk, Fdi Spillovers, And Economic Growth," Working Papers. Serie AD 2005-27, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    40. Pol Antràs & Ricardo J. Caballero, 2007. "Trade and Capital Flows: A Financial Frictions Perspective," NBER Working Papers 13241, National Bureau of Economic Research, Inc.
    41. Keskinsoy, Bilal, 2017. "Taxi, Takeoff and Landing: Behavioural Patterns of Capital Flows to Emerging Markets," MPRA Paper 78129, University Library of Munich, Germany.
    42. Müller-Plantenberg, Nikolas A., 2010. "Balance of payments accounting and exchange rate dynamics," International Review of Economics & Finance, Elsevier, vol. 19(1), pages 46-63, January.
    43. Mondria, Jordi & Wu, Thomas & Zhang, Yi, 2010. "The determinants of international investment and attention allocation: Using internet search query data," Journal of International Economics, Elsevier, vol. 82(1), pages 85-95, September.
    44. Gian Maria Milesi-Ferretti, & Philip R. Lane, 2003. "International Financial Integration," The Institute for International Integration Studies Discussion Paper Series iiisdp03, IIIS.
    45. Svaleryd, Helena & Vlachos, Jonas, 2002. "Markets for risk and openness to trade: how are they related?," Journal of International Economics, Elsevier, vol. 57(2), pages 369-395, August.
    46. Faisal Ahmed & Rabah Arezki & Norbert Funke, 2007. "The composition of capital flows to South Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(2), pages 275-294.
    47. Robert Kollmann & Nicolas Coeurdacier, 2008. "International Portfolios, Current Account Dynamics and Capital Accumulation," 2008 Meeting Papers 817, Society for Economic Dynamics.
    48. Fiess, Norbert & Shankar, Rashmi, 2005. "Regime-switching in exchange rate policy and balance sheet effects," Policy Research Working Paper Series 3653, The World Bank.
    49. Clark, Ephraim & Kassimatis, Konstantinos, 2011. "An alternative measure of the "world market portfolio": Determinants, efficiency, and information content," Journal of International Money and Finance, Elsevier, vol. 30(5), pages 724-748, September.
    50. Radovan Vadovic, 2009. "Early, Late, and Multiple Bidding in Internet Auctions," Working Papers 0904, Centro de Investigacion Economica, ITAM.
    51. Artis, Michael J. & Hoffmann, Mathias, 2006. "The Home Bias and Capital Income Flows between Countries and Regions," Technical Reports 2006,13, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
    52. Olivier Jeanne & Pierre-Olivier Gourinchas, 2005. "Capital Flows to Developing Countries: the Allocation Puzzle," 2005 Meeting Papers 240, Society for Economic Dynamics.
    53. Jaume Ventura & Fernando Broner, 2015. "Rethinking the Effects of Financial Liberalization," Working Papers 509, Barcelona School of Economics.
    54. Hans J. Blommestein & Javier Santiso, 2007. "New Strategies for Emerging Domestic Sovereign Bond Markets," OECD Development Centre Working Papers 260, OECD Publishing.
    55. Shang-Jin Wei & Mr. Jiandong Ju, 2006. "A Solution to Two Paradoxes of International Capital Flows," IMF Working Papers 2006/178, International Monetary Fund.
    56. Antonin Aviat & Nicolas Coeurdacier, 2007. "The geography of trade in goods and asset holdings," Post-Print hal-01045223, HAL.
    57. Philip R. Lane & Gian Milesi-Ferretti, 2001. "Long-Term Capital Movements," NBER Working Papers 8366, National Bureau of Economic Research, Inc.
    58. Tomas Williams & Claudio Raddatz & Sergio L. Schmukler, 2017. "International Asset Allocations and Capital Flows: The Benchmark Effect," Working Papers 2017-10, The George Washington University, Institute for International Economic Policy.
    59. Cunat, Alejandro & Fons-Rosen, Christian, 2008. "Relative factor endowments and international portfolio choice," LSE Research Online Documents on Economics 19562, London School of Economics and Political Science, LSE Library.
    60. Kenza Benhima, 2008. "A Reappraisal of the Allocation Puzzle through the Portfolio Approach," EconomiX Working Papers 2008-27, University of Paris Nanterre, EconomiX.
    61. Pol Antràs & Mihir A. Desai & C. Fritz Foley, 2007. "Multinational Firms, FDI Flows and Imperfect Capital Markets," NBER Working Papers 12855, National Bureau of Economic Research, Inc.
    62. Bai, Yan & Zhang, Jing, 2012. "Financial integration and international risk sharing," Journal of International Economics, Elsevier, vol. 86(1), pages 17-32.
    63. Laura Alfaro & Sebnem Kalemli-Ozcan & Vadym Volosovych, 2005. "Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation," NBER Working Papers 11901, National Bureau of Economic Research, Inc.
    64. Didier, Tatiana & Rigobon, Roberto & Schmukler, Sergio L., 2011. "Unexploited gains from international diversification : patterns of portfolio holdings around the world," Policy Research Working Paper Series 5524, The World Bank.
    65. Didier, Tatiana & Lowenkron, Alexandre, 2009. "The current account as a dynamic portfolio choice problem," Policy Research Working Paper Series 4861, The World Bank.
    66. Dollar, David & Kraay, Aart, 2005. "Neither a borrower nor a lender : does China's zero net foreign asset position make economic sense?," Policy Research Working Paper Series 3801, The World Bank.
    67. Burns, Andrew & Kida, Mizuho & Lim, Jamus Jerome & Mohapatra, Sanket & Stocker, Marc, 2014. "Unconventional monetary policy normalization in high-income countries : implications for emerging market capital flows and crisis risks," Policy Research Working Paper Series 6830, The World Bank.
    68. Straub, Stephane, 2008. "Opportunism, corruption and the multinational firm's mode of entry," Journal of International Economics, Elsevier, vol. 74(2), pages 245-263, March.
    69. Claudia Buch, 2004. "Cross-border banking and transmission mechanisms in Europe: evidence from German data," Applied Financial Economics, Taylor & Francis Journals, vol. 14(16), pages 1137-1149.
    70. Borja Larrain, 2005. "The stock market and cross country differences in relative prices," Working Papers 05-6, Federal Reserve Bank of Boston.
    71. Volker Reinthaler, 2005. "Country portfolios and the Solow-model," Economics Working Papers 904, Department of Economics and Business, Universitat Pompeu Fabra.
    72. Henning Bohn, 2001. "Retirement Savings in an Aging Society: A Case for Innovative Government Debt Management," CESifo Working Paper Series 494, CESifo.
    73. Broner, Fernando & Didier, Tatiana & Erce, Aitor & Schmukler, Sergio L., 2013. "Gross capital flows: Dynamics and crises," Journal of Monetary Economics, Elsevier, vol. 60(1), pages 113-133.
    74. Clark, Ephraim & Kassimatis, Konstantinos, 2015. "Macroeconomic effects on emerging-markets sovereign credit spreads," Journal of Financial Stability, Elsevier, vol. 20(C), pages 1-13.
    75. Kenza Benhima & Baptiste Massenot, 2012. "Safety Traps," Cahiers de Recherches Economiques du Département d'économie 12.04, Université de Lausanne, Faculté des HEC, Département d’économie.
    76. Fernando Aportela & Francisco Gallego & Pablo García, 2003. "Reserves Over the Transitions to Floating and to Inflation Targeting: Lessons From the Developed World," Working Papers Central Bank of Chile 211, Central Bank of Chile.
    77. Ho-don Yan & Cheng-lang Yang, 2012. "Are there different linkages of foreign capital inflows and the current account between industrial countries and emerging markets?," Empirical Economics, Springer, vol. 43(1), pages 25-54, August.
    78. Pinar Yesin, 2016. "Capital Flows and the Swiss Franc," Working Papers 2016-08, Swiss National Bank.
    79. Paul Gretton, 2022. "National and Sectoral Effects of a Decline in the Desirability of Investing in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 55(1), pages 91-121, March.
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    82. Keskinsoy, Bilal, 2017. "Lucas Paradox in The Long Run," MPRA Paper 78126, University Library of Munich, Germany.
    83. Attanasio, Orazio & Kitao, Sagiri & Violante, Giovanni L., 2007. "Global demographic trends and social security reform," Journal of Monetary Economics, Elsevier, vol. 54(1), pages 144-198, January.
    84. Giovanna Vallanti, 2015. "International Capital Mobility and Unemployment Dynamics: Empirical Evidence from OECD Countries," Working Papers LuissLab 15123, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    85. Aart Kraay & Jaume Ventura, 2002. "Current Accounts in the Long and Short Run," NBER Working Papers 9030, National Bureau of Economic Research, Inc.
    86. Lim, Jamus Jerome & Mohapatra, Sanket, 2016. "Quantitative easing and the post-crisis surge in financial flows to developing countries," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 331-357.
    87. Laura Alfaro & Sebnem Kalemli-Ozcan & Vadym Volosovych, 2005. "Capital Flows in a Globalized World: The Role of Policies and Institutions," NBER Working Papers 11696, National Bureau of Economic Research, Inc.
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    90. Svaleryd, Helena & Vlachos, Jonas, 2000. "Does Financial Development Lead to Trade Liberalization?," Research Papers in Economics 2000:11, Stockholm University, Department of Economics.
    91. José Luis Groizard & Joan Llull, 2006. "Skilled migration and growth. Testing brain drain and brain gain theories," DEA Working Papers 20, Universitat de les Illes Balears, Departament d'Economía Aplicada.
    92. Ferro, Gustavo & Antón Rodríguez, Martín, 2006. "Foreign direct investment. A bid for progress?," MPRA Paper 15093, University Library of Munich, Germany, revised Nov 2008.
    93. Ayse Imrohoroglu & Krishna B. Kumar, 2004. "Intermediation Costs and Capital Flows," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(3), pages 586-612, July.
    94. Machinea, José Luis, 2003. "The Impact of Western Hemisphere Free Trade Agreements on the Foreign Sector and Debt Sustainability," IDB Publications (Working Papers) 4280, Inter-American Development Bank.
    95. Kraay, Aart & Loayza, Norman & Serven, Luis & Ventura, Jaume, 2004. "Country Portfolios," Policy Research Working Paper Series 3320, The World Bank.
    96. Inaki Erauskin-Iurrita, 2004. "The current account and the new rule in a two-country world," International Finance 0412004, University Library of Munich, Germany.
    97. Yutao Han & Zhen Song, 2022. "On regional integration, fiscal income, and GDP per capita," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(5), pages 506-532, November.
    98. Mouhamadou Sy, 2012. "Exchange Rate Regimes, Capital Controls and the Pattern of Speculative Capital Flows," Working Papers halshs-00684591, HAL.
    99. Calderon,Cesar & Loayza,Norman V. & Serven,Luis, 2000. "External sustainability : a stock equilibrium perspective," Policy Research Working Paper Series 2281, The World Bank.
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    105. Calderon,Cesar & Loayza,Norman V. & Serven,Luis, 2003. "Do capital flows respond to risk and return?," Policy Research Working Paper Series 3059, The World Bank.
    106. Fratzscher, Marcel & Saborowski, Christian & Straub, Roland, 2009. "Monetary Policy Shocks and Portfolio Choice," Working Paper Series 1122, European Central Bank.
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    108. Lim, Jamus Jerome, 2014. "Institutional and structural determinants of investment worldwide," Journal of Macroeconomics, Elsevier, vol. 41(C), pages 160-177.
    109. Maffezzoli, Marco & Cuñat, Alejandro, 2002. "Neoclassical Growth and Commodity Trade," CEPR Discussion Papers 3322, Centre for Economic Policy Research.
    110. Mr. Aleksandar Zaklan & Mr. Paolo Mauro & Martín Minnoni & Mr. Andre Faria, 2006. "The External Financing of Emerging Market Countries: Evidence from Two Waves of Financial Globalization," IMF Working Papers 2006/205, International Monetary Fund.
    111. Gretton, Paul, 2019. "Introducing more flexible modelling of regional household consumption and saving behaviour into the dynamic GTAP model," Conference papers 333049, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    112. Fernando Broner & Jaume Ventura, 2010. "Rethinking the effects of financial globalization," Economics Working Papers 1128, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2015.
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  28. Ventura, Jaume & Kraay, Aart, 2001. "Comparative Advantage and the Cross-Section of Business Cycles," CEPR Discussion Papers 3000, Centre for Economic Policy Research.

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    1. Julien Martin & Florian Mayneris, 2013. "High-End Variety Exporters Defying Distance : Micro Facts and Macroeconomic Implications," PSE - G-MOND WORKING PAPERS hal-00959404, HAL.
    2. Jean Barthélemy & Sandra Poncet, 2008. "Ampleur et déterminants des cycles d’activité en Chine," Économie et Prévision, Programme National Persée, vol. 185(4), pages 1-12.
    3. Sebnem Kalemli-Ozcan & Elias Papaioannou & José Luis Peydró, 2010. "Financial Regulation, Integration and Synchronization of Economic Activity," Koç University-TUSIAD Economic Research Forum Working Papers 1005, Koc University-TUSIAD Economic Research Forum, revised Apr 2010.
    4. Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013. "Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity," Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
    5. Miklos Koren & Silvana Tenreyro, 2005. "Volatility and Development," CEP Discussion Papers dp0706, Centre for Economic Performance, LSE.
    6. Philip R. Lane, 2003. "Business Cycles and Macroeconomic Policy in Emerging Market Economies," Trinity Economics Papers 20032, Trinity College Dublin, Department of Economics.
    7. Lee, Iona Hyojung, 2018. "Industrial output fluctuations in developing countries: General equilibrium consequences of agricultural productivity shocks," European Economic Review, Elsevier, vol. 102(C), pages 240-279.
    8. Julian di Giovanni & Andrei A. Levchenko, 2006. "Trade Openness and Volatility," Development Working Papers 219, Centro Studi Luca d'Agliano, University of Milano.
    9. Julian di Giovanni & Andrei A. Levchenko, 2011. "Country Size, International Trade, and Aggregate Fluctuations in Granular Economies," NBER Working Papers 17335, National Bureau of Economic Research, Inc.
    10. David S. Jacks, Kevin H. O'Rourke and Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," The Institute for International Integration Studies Discussion Paper Series iiisdp284, IIIS.
    11. Koren, Miklos & Tenreyro, Silvana, 2007. "Technological diversification," LSE Research Online Documents on Economics 3741, London School of Economics and Political Science, LSE Library.
    12. Xavier Gabaix, 2004. "Power laws and the origins of aggregate fluctuations," Econometric Society 2004 North American Summer Meetings 484, Econometric Society.
    13. Imbs, Jean, 2007. "Growth and volatility," Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1848-1862, October.
    14. Andrew K. Rose & Mark M. Spiegel, 2007. "International financial remoteness and macroeconomic volatility," Working Paper Series 2008-01, Federal Reserve Bank of San Francisco.
    15. Alejandro Cunat & Marco Maffezzoli, 2004. "Hecksher-Ohlin Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(3), pages 555-585, July.
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    17. Miklos Koren & Silvana Tenreyro, 2003. "Diversification and development," Working Papers 03-3, Federal Reserve Bank of Boston.
    18. Giorgio Fabbri, 2015. "International Borrowing Without Commitment and Informational Lags: Choice under Uncertainty," AMSE Working Papers 1534, Aix-Marseille School of Economics, France.
    19. Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2004. "Growth Volatility and Financial Liberalization," NBER Working Papers 10560, National Bureau of Economic Research, Inc.
    20. Rodolfo Cermeño & María José Roa, 2013. "Desarrollo financiero, crecimiento y volatidad: Revisión de la literatura reciente," Documentos de Investigación - Research Papers 9, CEMLA.
    21. Daron Acemoglu & Simon Johnson & James Robinson & Pierre Yared, 2005. "Income and Democracy," NBER Working Papers 11205, National Bureau of Economic Research, Inc.
    22. Krishna, Pravin & Levchenko, Andrei A., 2013. "Comparative advantage, complexity, and volatility," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 314-329.
    23. Jin, Keyu & Li, Nan, 2011. "Factor proportions and international business cycles," LSE Research Online Documents on Economics 41946, London School of Economics and Political Science, LSE Library.
    24. Ioannides, Yannis M., 2018. "A DMP model of intercity trade," Labour Economics, Elsevier, vol. 50(C), pages 97-111.
    25. Alex Bowen, 2012. "�Green� growth, �green� jobs and labour markets," GRI Working Papers 76, Grantham Research Institute on Climate Change and the Environment.
    26. Jacek Rothert, 2012. "Productivity or Demand? Identifying Sources of Fluctuations in Small Open Economies," 2012 Meeting Papers 187, Society for Economic Dynamics.
    27. Christian Volpe Martincus & Andrea Molinari, 2007. "Regional Business Cycles and National Economic Borders: What Are the Effects of Trade in Developing Countries?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(1), pages 140-178, April.
    28. Daniela MAGGIONI & Alessia LO TURCO & Mauro GALLEGATI, 2014. "Does export complexity matter for firms' output volatility?," Working Papers 407, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    29. Levon Barseghyan & Riccardo DiCecio, 2008. "Institutional causes of macroeconomic volatility," Working Papers 2008-021, Federal Reserve Bank of St. Louis.
    30. Lan Khanh Chu & Huong Hoang Diep Truong & Hoang Phuong Dung, 2023. "Unveiling the influence of economic complexity and economic shocks on output growth volatility: evidence from a global sample," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 13(3), pages 637-676, December.
    31. Daniel Levy & Hashem Dezhbakhsh, 2003. "International evidence on output fluctuation and shock persistence," Post-Print hal-02386526, HAL.
    32. Bowen, Alex, 2012. "'Green'growth,'green'jobs and labor markets," Policy Research Working Paper Series 5990, The World Bank.
    33. Canova, Fabio & Schlaepfer, Alan, 2014. "Has the Euro-Mediterranean partnership affected Mediterranean business cycles?," CEPR Discussion Papers 10023, Centre for Economic Policy Research.
    34. Mr. Jean Imbs, 2003. "Trade, Finance, Specialization, and Synchronization," IMF Working Papers 2003/081, International Monetary Fund.
    35. Julian di Giovanni & Andrei A. Levchenko, 2006. "Openness, Volatility and the Risk Content of Exports," 2006 Meeting Papers 86, Society for Economic Dynamics.
    36. Kalemli-Özcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2009. "Financial Integration and Business Cycle Synchronization," CEPR Discussion Papers 7292, Centre for Economic Policy Research.
    37. Philip R. Lane, 2002. "The Cyclical Behaviour of Fiscal Policy: Evidence from the OECD," Trinity Economics Papers 20022, Trinity College Dublin, Department of Economics.
    38. Ali, Amjad & Ur Rehman, Hafeez, 2015. "Macroeconomic Instability and Its Impact on Gross Domestic Product: An Empirical Analysis of Pakistan," MPRA Paper 82496, University Library of Munich, Germany, revised 2015.
    39. Ahmad Lashkaripour, 2014. "Markups, International Specialization, and the Gains from Trade," 2014 Papers pla686, Job Market Papers.
    40. Jin, Keyu, 2009. "International business cycles with heterogeneous sectors," LSE Research Online Documents on Economics 25828, London School of Economics and Political Science, LSE Library.
    41. Xavier Gabaix, 2009. "The Granular Origins of Aggregate Fluctuations," NBER Working Papers 15286, National Bureau of Economic Research, Inc.
    42. Daron Acemoglu & Simon Johnson & James Robinson & Yunyong Thaicharoen, 2002. "Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth," NBER Working Papers 9124, National Bureau of Economic Research, Inc.
    43. Duval, Romain & Li, Nan & Saraf, Richa & Seneviratne, Dulani, 2016. "Value-added trade and business cycle synchronization," Journal of International Economics, Elsevier, vol. 99(C), pages 251-262.
    44. Cacciatore, Matteo, 2014. "International trade and macroeconomic dynamics with labor market frictions," Journal of International Economics, Elsevier, vol. 93(1), pages 17-30.
    45. Rodolfo Cermeño & María Roa García & Claudio González-Vega, 2012. "Financial Development and Volatility of Growth: Time Series Evidence for Mexico and USA," DEGIT Conference Papers c017_035, DEGIT, Dynamics, Economic Growth, and International Trade.
    46. Stojanovikj, Martin & Petrevski, Goran, 2020. "Inflation targeting and disinflation costs in emerging market economies," MPRA Paper 115798, University Library of Munich, Germany.
    47. Luca Brandi, 2004. "The Economy of Small States," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 145-173, November-.
    48. Mr. Bennett W Sutton & Mr. Luis Catão, 2002. "Sovereign Defaults: The Role of Volatility," IMF Working Papers 2002/149, International Monetary Fund.
    49. Mr. Marco Terrones & Mr. Eswar S Prasad & Mr. Ayhan Kose, 2003. "Financial Integration and Macroeconomic Volatility," IMF Working Papers 2003/050, International Monetary Fund.
    50. Olaberria, Eduardo & Rigolini, Jamele, 2009. "Managing East Asia's macroeconomic volatility," Policy Research Working Paper Series 4989, The World Bank.
    51. Andrei A. Levchenko & Julian di Giovanni, 2009. "International Trade and Aggregate Fluctuations in Granular Economies," 2009 Meeting Papers 491, Society for Economic Dynamics.
    52. Maggioni, Daniela & Lo Turco, Alessia & Gallegati, Mauro, 2016. "Does product complexity matter for firms' output volatility?," Journal of Development Economics, Elsevier, vol. 121(C), pages 94-109.
    53. Gustavo Rodríguez Albor & Melissa Pel�ez Bland�n & Rafael Garc�a Luna, 2014. "Inversión canadiense en Colombia: Un análisis de las empresas extractivas," Revista de Economía del Caribe, Universidad del Norte, vol. 0(0), pages 1-33.
    54. Ductor, Lorenzo & Leiva-León, Danilo, 2022. "Fluctuations in global output volatility," Journal of International Money and Finance, Elsevier, vol. 120(C).
    55. Choy, Swee Yew & Chit, Myint Moe & Teo, Wing Leong, 2021. "Sovereign credit ratings: Discovering unorthodox factors and variables," Global Finance Journal, Elsevier, vol. 48(C).
    56. Lutz, Stefan & Turrini, Alessandro, 2006. "A general equilibrium model with vertically differentiated industries, skilled labour and trade," Economic Modelling, Elsevier, vol. 23(1), pages 1-19, January.
    57. Diemo Dietrich, 2004. "Financing FDI into Developing Economies and the International Transmission of Business Cycle Fluctuations," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 140(IV), pages 449-481, December.
    58. James H. Stock & Mark W. Watson, 2003. "Has the Business Cycle Changed and Why?," NBER Chapters, in: NBER Macroeconomics Annual 2002, Volume 17, pages 159-230, National Bureau of Economic Research, Inc.
    59. Aart Kraay & Jaume Ventura, 2000. "Product Prices and the OECD Cycle," NBER Working Papers 7788, National Bureau of Economic Research, Inc.
    60. Levon Barseghyan & Riccardo DiCecio, 2010. "Institutional causes of output volatility," Review, Federal Reserve Bank of St. Louis, vol. 92(May), pages 205-224.
    61. Miklos Koren & Silvana Tenreyro, 2007. "Technological diversification," Proceedings, Federal Reserve Bank of San Francisco, issue nov.
    62. Nan Li & Keyu Jin, 2012. "International Transmission through Relative Prices," 2012 Meeting Papers 1185, Society for Economic Dynamics.
    63. Krzysztof Beck, 2013. "Structural Similarity as a Determinant of Business Cycle Synchronization in the European Union: A Robust Analysis," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 5(2).
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  29. Acemoglu, Daron & Ventura, Jaume, 2001. "The World Income Distribution," CEPR Discussion Papers 2973, Centre for Economic Policy Research.

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    1. Fabrizio Perri & Jonathan Heathcote, 2007. "The International Diversification Puzzle Is Not as Bad as You Think," Working Papers 2007-3, University of Minnesota, Department of Economics, revised 08 Oct 2007.
    2. Lindner, Ines & Strulik, Holger, 2017. "Innovation and inequality in a small world," University of Göttingen Working Papers in Economics 313, University of Goettingen, Department of Economics.
    3. Taketo　Kawagishi & Kazuo　Mino, 2013. "Time Preference and Income Convergence in a Dynamic Heckscher-Ohlin Model," KIER Working Papers 880, Kyoto University, Institute of Economic Research.
    4. Nicolas Coeurdacier & Robert Kollmann & Philippe Martin, 2010. "International portfolios, capital accumulation and foreign assets dynamics," Sciences Po Economics Publications (main) hal-01052901, HAL.
    5. Heshmati, Almas, 2004. "A Review of Decomposition of Income Inequality," IZA Discussion Papers 1221, IZA Network @ LISER.
    6. Heshmati, Almas, 2004. "Continental and Sub-Continental Income Inequality," IZA Discussion Papers 1271, IZA Network @ LISER.
    7. Sergi Basco & Martí Mestieri, 2019. "The world income distribution: the effects of international unbundling of production," Journal of Economic Growth, Springer, vol. 24(2), pages 189-221, June.
    8. Daniel Garces Diaz, 2018. "Trade, Productivity and Synchrony in Mexican and United States Manufacturing," 2018 Meeting Papers 41, Society for Economic Dynamics.
    9. Guerrini, Luca, 2010. "Transitional dynamics in the Ramsey model with AK technology and logistic population change," Economics Letters, Elsevier, vol. 109(1), pages 17-19, October.
    10. Ventura, Jaume, 2012. "Bubbles and capital flows," Journal of Economic Theory, Elsevier, vol. 147(2), pages 738-758.
    11. Yunyong Thaicharoen & Sra Chuenchoksan & Ashvin Ahuja, 2007. "Big elephants in small ponds: Risk absorption, risk diversification and management of capital flows," Working Papers 2007-02, Monetary Policy Group, Bank of Thailand.
    12. Xu, Xiang & Li, David Daokui & Zhao, Mofei, 2018. "“Made in China” matters: Integration of the global labor market and the global labor share decline," China Economic Review, Elsevier, vol. 52(C), pages 16-29.
    13. Gulzar Ali & Zhaohua Li, 2017. "An Empirical Investigation on the Role of exports, imports and its Determinants in Foreign Trade of Pakistan," Information Management and Business Review, AMH International, vol. 8(6), pages 39-58.
    14. Meijers, Huub, 2012. "Does the internet generate economic growth, international trade, or both?," MERIT Working Papers 2012-050, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    15. Marjit, Sugata, 2014. "Virtual Trade and Growth," MPRA Paper 60831, University Library of Munich, Germany.
    16. Antunes, António & Cavalcanti, Tiago & Villamil, Anne, 2008. "The effect of financial repression and enforcement on entrepreneurship and economic development," Journal of Monetary Economics, Elsevier, vol. 55(2), pages 278-297, March.
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    21. Fan, Qingliang & Zhong, Wei, 2018. "Nonparametric Additive Instrumental Variable Estimator: A Group Shrinkage Estimation Perspective," IRTG 1792 Discussion Papers 2018-052, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
    22. Hildegunn Ekroll Stokke, 2006. "Resource Boom, Productivity Growth and Real Exchange Rate Dynamics - A dynamic general equilibrium analysis of South Africa," Working Paper Series 7206, Department of Economics, Norwegian University of Science and Technology.
    23. Ventura, Jaume, 2002. "Bubbles and Capital Flows," CEPR Discussion Papers 3657, Centre for Economic Policy Research.
    24. Salas, Sergio & Odell, Kathleen, 2023. "Why are credit-driven crises deep and long-lasting?," The Quarterly Review of Economics and Finance, Elsevier, vol. 90(C), pages 233-246.
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    27. Joern Rattsoe & Hildegunn Ekroll Stokke, 2009. "Wage inequality, comparative advantage and skill biased technical change in South Africa," Working Paper Series 9909, Department of Economics, Norwegian University of Science and Technology.
    28. Diao, Xinshen & Rattso, Jorn & Stokke, Hildegunn Ekroll, 2002. "International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis," TMD discussion papers 89, International Food Policy Research Institute (IFPRI).
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    33. Lucas Bretschger & Nujin Suphaphiphat, 2012. "Use Less, Pay More: Can Climate Policy Address the Unfortunate Event for Being Poor?," CER-ETH Economics working paper series 12/166, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
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    36. Carmen D. Álvarez‐Albelo & Antonio Manresa & Mònica Pigem‐Vigo, 2018. "Growing through trade in intermediate goods: the role of foreign growth and domestic tariffs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(4), pages 414-436, September.
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    40. Galor, Oded & Mountford, Andrew, 2008. "Trading Population for Productivity: Theory and Evidence," CEPR Discussion Papers 6678, Centre for Economic Policy Research.
    41. Gino Gancia, 2015. "Globalization, Divergence and Stagnation," Working Papers 198, Barcelona School of Economics.
    42. Sugata Marjit & Biswajit Mandal, 2016. "Virtual Trade between Separated Time Zones and Growth," Discussion Papers Series 560, School of Economics, University of Queensland, Australia.
    43. E. Santarelli & P. Figini, 2002. "Does Globalization Reduce Poverty? Some Empirical Evidence for the Developing Countries," Working Papers 459, Dipartimento Scienze Economiche, Universita' di Bologna.
    44. Paulo Brito, 2004. "The Dynamics of Growth and Distribution in a Spatially Heterogeneous World," Working Papers Department of Economics 2004/14, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    45. Antonio Ciccone & Giovanni Peri, 2011. "Schooling Supply and the Structure of Production: Evidence from US States 1950-1990," NBER Working Papers 17683, National Bureau of Economic Research, Inc.
    46. Ghani, Gairuzazmi M. & Sofyan, Joel Faruk, 2014. "Trade Variety and Export Performance of ASEAN-5," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 48(1), pages 49-61.
    47. Alessandria, George & Delacroix, Alain, 2008. "Trade and the (dis)incentive to reform labor markets: The case of reform in the European Union," Journal of International Economics, Elsevier, vol. 75(1), pages 151-166, May.
    48. Ourens, Guzman, 2018. "Uneven Growth in the Extensive Margin : Explaining the Lag of Agricultural Economies," Discussion Paper 2018-051, Tilburg University, Center for Economic Research.
    49. António Antunes, 2008. "The Effect of Financial Frictions on Economic Development," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    50. Felbermayr, Gabriel J., 2004. "Specialization on a Technologically Stagnant Sector Need Not Be Bad for Growth," University of Göttingen Working Papers in Economics 24, University of Goettingen, Department of Economics.
    51. Pierre‐Richard Agénor & Barış Alpaslan, 2018. "Infrastructure And Industrial Development With Endogenous Skill Acquisition," Bulletin of Economic Research, Wiley Blackwell, vol. 70(4), pages 313-334, October.
    52. Bucci Alberto & Guerrini Luca, 2009. "Transitional Dynamics in the Solow-Swan Growth Model with AK Technology and Logistic Population Change," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-17, December.
    53. Takumi Naito, 2021. "Trade diversion is reversed in the long run," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 202-219, January.
    54. Paolo Epifani & Gino Gancia, 2005. "Openness, government size and the terms of trade," Economics Working Papers 915, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2008.
    55. Teles, Vladimir K & de Prince Mendonça, Diogo, 2013. "Política Monetária em Tempos de Crise," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 67(4), November.
    56. Ogbeifun Lawrence & Shobande Olatunji Abdul, 2020. "Causality Analysis of Disaggregated FDI Inflows on Sectorial Growth in OECD Area," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(4), pages 92-110, December.
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    58. Costa Junior, Celso Jose, 2012. "Institutional Barrier and the World Income Distribution," MPRA Paper 45633, University Library of Munich, Germany.
    59. William R. Kerr, 2013. "Heterogeneous Technology Diffusion and Ricardian Trade Patterns," NBER Working Papers 19657, National Bureau of Economic Research, Inc.
    60. Lei Ji & John J. Seater, 2010. "Schumpeterian Growth, Trade, and Dynamic Comparative Advantage," DEGIT Conference Papers c015_034, DEGIT, Dynamics, Economic Growth, and International Trade.
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    2. Andrew B. Bernard & Stephen Redding & Peter K. Schott & Helen Simpson, 2002. "Factor Price Equalization in the UK?," CEP Discussion Papers dp0547, Centre for Economic Performance, LSE.
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    5. Resham Naveed, 2015. "Relative Factor Abundance and Relative Factor Price Equality in Punjab," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(1), pages 105-133, Jan-June.
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    7. Donald R. Davis & David E. Weinstein, 2001. "Do Factor Endowments Matter for North-North Trade?," NBER Working Papers 8516, National Bureau of Economic Research, Inc.
    8. Xiang, Chong, 2007. "Diversification cones, trade costs and factor market linkages," Journal of International Economics, Elsevier, vol. 71(2), pages 448-466, April.
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    14. Cusolito , Ana P. & Lederman, Daniel, 2009. "Technology adoption and factor proportions in open economies : theory and evidence from the global computer industry," Policy Research Working Paper Series 5043, The World Bank.

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    1. Jaewoo Lee, 2005. "Transfer Effect in National Price Levels," International Finance 0512004, University Library of Munich, Germany.
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    4. Constantin Bürgi & Vida Bobic & Min Wu, 2019. "Net Capital Flows and Portfolio Diversification," CESifo Working Paper Series 7883, CESifo.
    5. Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013. "Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity," Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
    6. Zheng Liu & Mark M. Spiegel & Andrew Tai, 2016. "Measuring the Effects of Dollar Appreciation on Asia: A Favar Approach," Working Paper Series 2016-30, Federal Reserve Bank of San Francisco.
    7. Campa, Jose Manuel & Gavilan, Angel, 2011. "Current accounts in the euro area: An intertemporal approach," Journal of International Money and Finance, Elsevier, vol. 30(1), pages 205-228, February.
    8. Stephanie E. Curcuru & Charles P. Thomas & Francis E. Warnock & Jon Wongswan, 2014. "Uncovered Equity Parity and Rebalancing in International Portfolios," International Finance Discussion Papers 1103, Board of Governors of the Federal Reserve System (U.S.).
    9. Converse, Nathan & Mallucci, Enrico, 2023. "Differential treatment in the bond market: Sovereign risk and mutual fund portfolios," Journal of International Economics, Elsevier, vol. 145(C).
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    11. Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2019. "The Distributional Effects of Peer and Aspirational Pressure," CESifo Working Paper Series 7838, CESifo.
    12. Nicolas Coeurdacier, 2009. "Comment on 'External performance in low income countries' (by L. Christiansen, A. Prati, L. A. Ricci, S. Tokarick, and T. Tressel)," Post-Print hal-01053625, HAL.
    13. Pierre-Olivier Gourinchas & Hélène Rey, 2013. "External Adjustment, Global Imbalances and Valuation Effects," NBER Working Papers 19240, National Bureau of Economic Research, Inc.
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    24. Gourinchas, Pierre-Olivier & Rey, Hélène, 2014. "External Adjustment, Global Imbalances, Valuation Effects," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 585-645, Elsevier.
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    1. Yoseph Getachew & Stephen J Turnovsky, "undated". "Redistribution, inequality, and efficiency with credit constraints," ERSA Working Paper Series v::y:2020:i::id:119, Economic Research Southern Africa.
    2. Marcel Aloy & Gilles de Truchis, 2012. "Estimation and Testing for Fractional Cointegration," AMSE Working Papers 1215, Aix-Marseille School of Economics, France.
    3. Lilia Maliar & Serguei Maliar, 1999. "- Heterogeneity In Capital And Skills In A Neoclassical Stochastic Growth Model," Working Papers. Serie AD 1999-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    4. Sergi Basco & Martí Mestieri, 2019. "The world income distribution: the effects of international unbundling of production," Journal of Economic Growth, Springer, vol. 24(2), pages 189-221, June.
    5. Hatipoglu, Ozan, 2008. "Patent, Inequality and Innovation-Driven Growth," MPRA Paper 7855, University Library of Munich, Germany.
    6. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    7. Gokan, Yoichi & Turnovsky, Stephen J., 2023. "Taylor rules: Consequences for wealth and income inequality," Journal of Macroeconomics, Elsevier, vol. 77(C).
    8. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "The Relative Income Hypothesis," CIRANO Working Papers 2008s-18, CIRANO.
    9. Ghiglino, Christian, 2002. "Introduction to a General Equilibrium Approach to Economic Growth," Journal of Economic Theory, Elsevier, vol. 105(1), pages 1-17, July.
    10. Ozan Hatipoglu, 2007. "A Demand Based Theory of Income Distribution and Growth," Working Papers 2007/08, Bogazici University, Department of Economics.
    11. Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2021. "Uneven growth: automation’s impact on income and wealth inequality," Bank of England working papers 913, Bank of England.
    12. Christos Koulovatianos, 2005. "Preferences and the Dynamic Representative Consumer," Vienna Economics Papers vie0505, University of Vienna, Department of Economics.
    13. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2021. "Differential Tariffs and Income Inequality in the United States: Some Evidence from the States," Open Economies Review, Springer, vol. 32(1), pages 1-35, February.
    14. Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben & Steger, Thomas, 2021. "Distributional consequences of surging housing rents," Journal of Economic Theory, Elsevier, vol. 196(C).
    15. Vinyes, Cristina & Roe, Terry, 2012. "Growth of the Brazilian biofuel sector: an inter-temporal general equilibrium analysis," Conference papers 332230, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Jose-Victor Rios-Rull & Per Krusell, 1999. "On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model," American Economic Review, American Economic Association, vol. 89(5), pages 1156-1181, December.
    17. Stephen J. Turnovsky & Cecilia Garcia-Pe–alosa, 2006. "The Dynamics of Wealth and Income Distribution in a Neoclassical Growth Model," IDEP Working Papers 0604, Institut d'economie publique (IDEP), Marseille, France, revised Jul 2006.
    18. Subrata Guha, 2009. "Neoclassical Growth And The Distribution Of Consumption," Pacific Economic Review, Wiley Blackwell, vol. 14(1), pages 24-45, February.
    19. Robert J. Barro, 2013. "Health and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 329-366, November.
    20. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    21. Melnikov, N.B. & O'Neill, B.C. & Dalton, M.G., 2012. "Accounting for household heterogeneity in general equilibrium economic growth models," Energy Economics, Elsevier, vol. 34(5), pages 1475-1483.
    22. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "A Permanent Income Version of the Relative Income Hypothesis," CESifo Working Paper Series 2361, CESifo.
    23. ZHANG Wei-Bin, 2013. "Time, Income And Wealth Distribution Among Heterogeneous Households In A Two-Sector Model With Sector-Specific Externalities: A Synthesis Of The Arrow-Debreu Equilibrium Theory And Solow-Uzawa Growth Theory," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 8(3), pages 103-124, Decembre.
    24. Boppart, Timo & Ngai, L. Rachel, 2021. "Rising inequality and trends in leisure," LSE Research Online Documents on Economics 108919, London School of Economics and Political Science, LSE Library.
    25. Dioikitopoulos, Evangelos & Turnovsky, Stephen & Wendner, Ronald, 2017. "Dynamic Status Effects, Savings, and Income Inequality," MPRA Paper 81005, University Library of Munich, Germany.
    26. Christos Koulovatianos & Carsten Schröder & Ulrich Schmidt, 2008. "Confronting the Robinson Crusoe paradigm with household-size heterogeneity," Levine's Working Paper Archive 122247000000002324, David K. Levine.
    27. Boyan Jovanovic, 1998. "Vintage Capital and Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(2), pages 497-530, April.
    28. Tarek Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2019. "Uneven Growth: Automation’s Impact on Income and Wealth Inequality," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-333, Boston University - Department of Economics.
    29. Nakamoto, Yasuhiro, 2015. "Heterogeneous EIS and Wealth Distribution in a Neoclassical Growth Model," MPRA Paper 67026, University Library of Munich, Germany.
    30. Jana Kremer, 2001. "Labor Unions, Unemployment, and Inequality in an OLG-Model with Heterogeneous Agents," Discussion Paper Series 207, Universitaet Augsburg, Institute for Economics.
    31. Masakazu Emoto & Tamotsu Nakamura, 2021. "Intertemporal elasticity of substitution and the transitional dynamics and steady state of wealth distribution," Discussion Papers 2101, Graduate School of Economics, Kobe University.
    32. Daniel Spiro, 2021. "An Open-Economy Ramsey-Cass-Koopmans Model in Reduced Form," CESifo Working Paper Series 9293, CESifo.
    33. Laitner, John, 2001. "Secular Changes in Wealth Inequality and Inheritance," Economic Journal, Royal Economic Society, vol. 111(474), pages 691-721, October.
    34. Stijepic, Denis, 2016. "A topological approach to structural change analysis and an application to long-run labor allocation dynamics," MPRA Paper 74568, University Library of Munich, Germany, revised 14 Oct 2016.
    35. Stephen P. Jenkins & John Micklewright, 2007. "New Directions in the Analysis of Inequality and Poverty," Working Papers 71, ECINEQ, Society for the Study of Economic Inequality.
    36. Yusuf, Patience, 2020. "Impact of Government Health Expenditure on Economic Growth in Nigeria 1981 - 2016," AfricArxiv uegxf, Center for Open Science.
    37. Volker Grossmann & Benjamin Larin & Hans Torben Löfflad & Thomas Steger, 2019. "Distributional effects of surging housing costs under Schwabe's Law," CESifo Working Paper Series 7684, CESifo.
    38. Hongyi Li & Danyang Xie & Heng-fu Zou, 2002. "Dynamics of Income Distribution," GE, Growth, Math methods 0210001, University Library of Munich, Germany.
    39. Xu, Lixin Colin & Zou, Heng-fu, 2000. "Explaining the changes of income distribution in China," China Economic Review, Elsevier, vol. 11(2), pages 149-170, December.
    40. Barigozzi, Matteo & Alessi, Lucia & Capasso, Marco & Fagiolo, Giorgio, 2012. "The distribution of household consumption-expenditure budget shares," Structural Change and Economic Dynamics, Elsevier, vol. 23(1), pages 69-91.
    41. Takashi Hayashi, 2020. "Investment in time preference and long-run distribution," The Japanese Economic Review, Springer, vol. 71(2), pages 171-190, April.
    42. Lilia Maliar & Dmytro Kylymnyuk & Serguei Maliar, 2004. "Rich, Poor And Growth-Miracle Nations: Multiple Equilibria Revisited," Working Papers. Serie AD 2004-39, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    43. Christos Koulovatianos & Leonard J. Mirman, 2005. "Endogenous Public Policy and Long-Run Growth: Some Simple Analytics," Vienna Economics Papers vie0502, University of Vienna, Department of Economics.
    44. Ozan Hatipoglu, 2007. "Inequality and Growth. Where Are We Headed? A Survey," Working Papers 2007/07, Bogazici University, Department of Economics.
    45. Charles VELLUTINI, 2001. "Internationalisation et inégalités. Une analyse par le modèle de Ramsey," Discussion Papers (REL - Recherches Economiques de Louvain) 2001023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    46. Wei-Bin Zhang, 2018. "Envy and Inequality in Income and Wealth in a Dynamic General Equilibrium Theory," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 13(4), pages 507-523, Octubre-D.
    47. Alvarez-Cuadrado, Francisco & El-Attar, Mayssun, 2012. "Income Inequality and Saving," IZA Discussion Papers 7083, IZA Network @ LISER.
    48. Atkeson, Andrew & Ogaki, Masao, 1996. "Wealth-varying intertemporal elasticities of substitution: Evidence from panel and aggregate data," Journal of Monetary Economics, Elsevier, vol. 38(3), pages 507-534, December.
    49. Andreas Irmen, 2009. "Frictional unemployment, labor market institutions, and endogenous economic growth," Economics Bulletin, AccessEcon, vol. 29(2), pages 1127-1138.
    50. Chhy, Niroth, 2016. "The Rise of the Working Rich, Market Imperfections, and Income Inequality," MPRA Paper 75373, University Library of Munich, Germany.
    51. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2009. "Growth and Inequality: Dependence of the Time Path of Productivity Increases (and other Structural Changes)," Working Papers wp2009_01_02, Department of Economics, Florida State University.
    52. Yoichi Gokan & Stephen J. Turnovsky, 2021. "Wealth and income inequality in a monetary economy," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 225-245, October.
    53. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    54. Yasuhiro Nakamoto & Kazuo Mino & Yunfang Hu, 2024. "Preference Structures, Wealth Distribution, and Patterns of Trade in a Global Economy," KIER Working Papers 1105, Kyoto University, Institute of Economic Research.
    55. Temple, Jonathan & Ying, Huikang, 2014. "Life During Structural Transformation," CEPR Discussion Papers 10297, Centre for Economic Policy Research.
    56. Beck Hanno & Prinz Aloys, 2014. "Willkommen in Schumpeters Hotel: Zur Dynamik der Vermögensverteilung / Welcome to Schumpeter's hotel – On the dynamics of the distribution of wealth," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 65(1), pages 263-278, January.
    57. Robert J. Barro & José F. Ursúa, 2008. "Macroeconomic Crises since 1870," NBER Working Papers 13940, National Bureau of Economic Research, Inc.
    58. Lilia Maliar & Serguei Maliar, 2003. "Preference Shocks From Aggregation: Time Series Data Evidence," Working Papers. Serie AD 2003-35, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    59. Stéphane Adjemian & Jerôme Glachant & Charles Vellutini, 1999. "Regional Convergence and Aggregate Growth," Documents de recherche 99-09, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    60. Cecilia García‐Peñalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    61. Coen Hutters & Max B. Mendel, 2025. "Modeling Economic Systems as Multiport Networks," Papers 2512.20600, arXiv.org.
    62. Chen, Yu-chin & Turnovsky, Stephen J., 2010. "Growth and inequality in a small open economy," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 497-514, June.
    63. Juan Mora & Lilia Maliar & Serguei Maliar, 2003. "Income And Wealth Distributions Along The Business Cycle: Implications From The Neoclassical Growth Model," Working Papers. Serie AD 2003-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    64. Kraay, Aart & Raddatz, Claudio, 2007. "Poverty traps, aid, and growth," Journal of Development Economics, Elsevier, vol. 82(2), pages 315-347, March.
    65. Steger, Thomas & Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben, 2019. "Distributional Effects of Surging Housing Costs under Schwabe`s Law of Rent," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203613, Verein für Socialpolitik / German Economic Association.
    66. Frank Siebern, 2000. "Better LATE? Instrumental Variables Estimation of the Returns to Job Mobility during Transition," German Economic Review, Verein für Socialpolitik, vol. 1(3), pages 335-362, August.
    67. Joël Hellier & Stéphane Lambrecht, 2012. "Inequality, growth and welfare: The main links," Working Papers 258, ECINEQ, Society for the Study of Economic Inequality.
    68. Lilia Maliar & Serguei Maliar, 2002. "The Representative Consumer In The Neoclassical Growth Model With Idiosyncratic Shocks," Working Papers. Serie AD 2002-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    69. Diego Comin & Bart Hobijn, 2007. "Implementing Technology," NBER Working Papers 12886, National Bureau of Economic Research, Inc.
    70. Chen, Ruotian & Jiang, Changmin & Wang, Kun & Yang, Hangjun, 2024. "Engine option in aircraft purchase: Company strategies and policy implications," Transport Policy, Elsevier, vol. 159(C), pages 266-283.
    71. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    72. Kazuo MIno & Yasuhiro Nakamoto, 2014. "Conformism and Wealth Distribution," KIER Working Papers 901, Kyoto University, Institute of Economic Research.
    73. Lin, Pei-Chien & Huang, Ho-Chuan (River), 2012. "Inequality convergence revisited: Evidence from stationarity panel tests with breaks and cross correlation," Economic Modelling, Elsevier, vol. 29(2), pages 316-325.
    74. Satya Das & Chetan Ghate, 2002. "Endogenous Distribution, Politics and Growth," Discussion Papers of DIW Berlin 310, DIW Berlin, German Institute for Economic Research.
    75. Yoseph Y. Getachew & Stephen J. Turnovsky, 2020. "Redistribution, Inequality, and Efficiency with Credit Constraints," Working Papers 202028, University of Pretoria, Department of Economics.
    76. Lise Clain-Chamosset-Yvrard, 2018. "Expectation-driven asset price fluctuations under the spirit of capitalism hypothesis: The role of heterogeneity," Working Papers halshs-01719844, HAL.
    77. Takeo Hori, 2009. "Inequality and growth: the roles of life expectancy and relative consumption," Journal of Economics, Springer, vol. 96(1), pages 19-40, January.
    78. Chatterjee, Santanu & Turnovsky, Stephen J., 2012. "Infrastructure and inequality," European Economic Review, Elsevier, vol. 56(8), pages 1730-1745.
    79. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    80. Roberto Pancrazi & Eric Mengus, 2016. "The Inequality Accelerator," 2016 Meeting Papers 851, Society for Economic Dynamics.
    81. Jonathan Temple & Huikang Ying & Patrick Carter, 2014. "Transfers and Transformations: Remittances, Foreign Aid, and Growth," Bristol Economics Discussion Papers 14/649, School of Economics, University of Bristol, UK, revised 02 Dec 2014.
    82. Atolia, Manoj & Papageorgiou, Chris & Turnovsky, Stephen J., 2021. "Re-opening after the lockdown: Long-run aggregate and distributional consequences of COVID-19," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    83. Heibø Modalsli, Jørgen, 2011. "Solow meets Marx: Economic growth and the emergence of social class," Memorandum 21/2011, Oslo University, Department of Economics.
    84. Feraboli, Omar, 2011. "Preferential vs. Full Trade Liberalisation: A Dynamic CGE Model with Heterogeneous Households for Jordan," Proceedings of the German Development Economics Conference, Berlin 2011 26, Verein für Socialpolitik, Research Committee Development Economics.
    85. Daron Acemoglu, 2000. "Labor- and Capital- Augmenting Technical Change," NBER Working Papers 7544, National Bureau of Economic Research, Inc.
    86. Yoseph Yilma Getachew, 2011. "Public Investment Policy, Distribution, and Growth: What Levels of Redistribution through Public Investment Maximize Growth?," DEGIT Conference Papers c016_072, DEGIT, Dynamics, Economic Growth, and International Trade.
    87. Daisuke Miyashita, 2025. "Economic growth and income inequality: The role of fiscal and monetary policy," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 24(2), pages 171-204, May.
    88. Koulovatianos, Christos & Schröder, Carsten & Schmidt, Ulrich, 2010. "Confronting the representative consumer with household-size heterogeneity," Kiel Working Papers 1663, Kiel Institute for the World Economy.
    89. Glomm, Gerhard & Ravikumar, B., 1998. "Increasing returns, human capital, and the Kuznets curve," Journal of Development Economics, Elsevier, vol. 55(2), pages 353-367, April.
    90. Stephen J. Turnovsky & Iñaki Erauskin, 2022. "Productive government expenditure and its impact on income inequality: evidence from international panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 331-364, February.
    91. François Gourio, 2008. "Is there a majority to support a capital tax cut?," Boston University - Department of Economics - Working Papers Series wp2008-001, Boston University - Department of Economics.
    92. Daisuke Miyashita, 2023. "Public debt and income inequality in an endogenous growth model with elastic labor supply," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 447-472, August.
    93. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 601-631, September.
    94. Glachant, Jerome & Vellutini, Charles, 2002. "Quantifying the relationship between wealth distribution and aggregate growth in the Ramsey model," Economics Letters, Elsevier, vol. 74(2), pages 237-241, January.
    95. Yang, Xiaoliang & Zhou, Peng, 2022. "Wealth inequality and social mobility: A simulation-based modelling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 196(C), pages 307-329.
    96. Koulovatianos, Christos & Schröder, Carsten & Schmidt, Ulrich, 2014. "Do demographics prevent consumer aggregates from reflecting micro-level preferences?," CFS Working Paper Series 484, Center for Financial Studies (CFS).
    97. Jiawen Xu & Yixuan Li & Kai Liu & Tao Chen, 2023. "Portfolio selection: from under-diversification to concentration," Empirical Economics, Springer, vol. 64(4), pages 1539-1557, April.
    98. Christos Koulovatianos & Leonard J. Mirman, 2004. "Endogenous Public Policy and Long-Run Growth," University of Cyprus Working Papers in Economics 2-2004, University of Cyprus Department of Economics.
    99. Joseph Francois & Clinton R. Shiells, 2008. "Dynamic Factor Price Equalization & International Convergence," Economics working papers 2008-20, Department of Economics, Johannes Kepler University Linz, Austria.
    100. Francesc Obiols-Homs, 2002. "Trade Effects on the Personal Distribution of Wealth," Working Papers 0208, Centro de Investigacion Economica, ITAM.
    101. Cecilia García‐Peñalosa & Stephen J. Turnovsky, 2007. "Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade‐offs?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 369-394, March.
    102. Marianne Saam, 2004. "Distributional Effects of Growth and the Elasticity of Substitution," DEGIT Conference Papers c009_031, DEGIT, Dynamics, Economic Growth, and International Trade.
    103. Pennings, Joost M.E. & Garcia, Philip & Irwin, Scott H., "undated". "Accounting for Heterogeneity in Hedging Behavior: Comparing & Evaluating Grouping Methods," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114787, European Association of Agricultural Economists.
    104. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.
    105. Onyimadu, Chukwuemeka, 2015. "Harnessing Natural Resources for Sustainable Development: A Resource Exchange Model Approach," MPRA Paper 77203, University Library of Munich, Germany.
    106. Eerola Essi & Määttänen Niku, 2006. "On the Political Economy of Housing's Tax Status," The B.E. Journal of Macroeconomics, De Gruyter, vol. 6(2), pages 1-32, September.
    107. Brito, Paulo, 2011. "Global endogenous growth and distributional dynamics," MPRA Paper 41653, University Library of Munich, Germany.
    108. Mathieu-Bolh, Nathalie & Wendner, Ronald, 2020. "We are what we eat: Obesity, income, and social comparisons," European Economic Review, Elsevier, vol. 128(C).
    109. Kirill Borissov & Thierry Brechet & Stephane Lambrecht, 2012. "Environmental Maintenance in a Dynamic Model with Heterogenous Agents," EUSP Department of Economics Working Paper Series 2012/02, European University at St. Petersburg, Department of Economics.
    110. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2017. "Tariff Reduction and Income Inequality: Some Empirical Evidence," Open Economies Review, Springer, vol. 28(4), pages 603-631, September.
    111. Vincenzo Lombardo, 2008. "Income distribution and Growth: A Critical Survey," Working Papers 11_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    112. G. C. Lim & Paul D. McNelis, 2014. "Income Inequality, Trade and Financial Openness," Melbourne Institute Working Paper Series wp2014n07, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    113. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2005. "Growth and Income Inequality: A Canonical Model," Working Papers UWEC-2006-04-P, University of Washington, Department of Economics, revised Jan 2005.
    114. Zhang, W.-B., 2014. "Ethnic Human Capital Externalities and Inequality in a General Equilibrium Growth Model," Journal of the New Economic Association, New Economic Association, vol. 21(1), pages 33-54.
    115. Pennings, Joost M.E. & Garcia, Philip & Irwin, Scott H. & Good, Darrel L., 2003. "How To Group Market Participants? Heterogeneity In Hedging Behavior," 2003 Annual meeting, July 27-30, Montreal, Canada 21963, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    116. Jae wook Jung & Kyunghun Kim, 2018. "Financial Market Integration and Income Inequality," Working Papers id:12916, eSocialSciences.
    117. Alvarez-Pelaez, Maria J. & Diaz, Antonia, 2005. "Minimum consumption and transitional dynamics in wealth distribution," Journal of Monetary Economics, Elsevier, vol. 52(3), pages 633-667, April.
    118. Koulovatianos, Christos & Schröder, Carsten & Schmidt, Ulrich, 2019. "Do demographics prevent consumption aggregates from reflecting micro-level preferences?," European Economic Review, Elsevier, vol. 111(C), pages 166-190.
    119. Lilia Maliar & Serguei Maliar, 2003. "Quasi-Linear Preferences In The Macroeconomy: Indeterminacy, Heterogeneity Andthe Representative Consumer," Working Papers. Serie AD 2003-30, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    120. Diego Comin & Bart Hobijn, 2004. "Neoclassical Growth and the Adoption of Technologies," NBER Working Papers 10733, National Bureau of Economic Research, Inc.
    121. Mukoyama, Toshihiko, 2010. "Welfare effects of unanticipated policy changes with complete asset markets," Economics Letters, Elsevier, vol. 109(2), pages 134-138, November.
    122. Omar Feraboli, 2012. "Preferential vs. Full Trade Liberalisation: A Dynamic CGE Model with Heterogeneous Households for Jordan," Working Paper series 08_12, Rimini Centre for Economic Analysis.
    123. Turnovsky, Stephen J. & Garci­a-Peñalosa, Cecilia, 2008. "Distributional dynamics in a neoclassical growth model: The role of elastic labor supply," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1399-1431, May.
    124. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Quantitative Macroeconomics with Heterogeneous Households," NBER Working Papers 14768, National Bureau of Economic Research, Inc.
    125. Getachew, Yoseph Yilma, 2012. "Do Ak models really lack transitional dynamics?," MERIT Working Papers 2012-011, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    126. Temple, Jonathan R.W., 2010. "Aid and Conditionality," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4415-4523, Elsevier.
    127. Chenyu Wang & Gamal Atallah, 2025. "Carbon Tax in a Triopoly with Environmental R&D and Knowledge Spillovers," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 23(4), pages 1117-1144, December.
    128. Daniel R. Carroll & Jim Dolmas & Eric Young, 2017. "The Politics of Flat Taxes," Working Papers 14-42R, Federal Reserve Bank of Cleveland.
    129. Runze Yuan & Xi Xi & Yifan Zhang & Zhentao Liu & Chao Li & Yu Liang, 2024. "Optimal Growths from Two Perspectives, with Conditional Macro- and Micro-consistency: Dynamic Summation of Economic Variables Under Differential Regional Representative Production Functions," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8737-8766, June.
    130. Bart Hobijn, 2001. "Is equipment price deflation a statistical artifact?," Staff Reports 139, Federal Reserve Bank of New York.
    131. Klump, Rainer & Saam, Marianne, 2006. "Calibration of normalised CES production functions in dynamic models," ZEW Discussion Papers 06-078, ZEW - Leibniz Centre for European Economic Research.
    132. Carolina Achury & Sylwia Hubar & Christos Koulovatianos, 2012. "Saving Rates and Portfolio Choice with Subsistence Consumption," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 108-126, January.
    133. Stephen J. Turnovsky & Aditi Mitra, 2013. "The Interaction between Human and Physical Capital Accumulation and the Growth-Inequality Trade-off," Journal of Human Capital, University of Chicago Press, vol. 7(1), pages 26-75.
    134. Mercado, Ruben, 2013. "Development indices, inequality, and applied development policy analysis: some issues for discussion," MPRA Paper 58018, University Library of Munich, Germany.
    135. Stijepic, Denis & Wagner, Helmut, 2015. "Structural Change, Aggregate Growth And Government Services," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112904, Verein für Socialpolitik / German Economic Association.
    136. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.
    137. Lim, G.C. & McNelis, Paul D., 2016. "Income growth and inequality: The threshold effects of trade and financial openness," Economic Modelling, Elsevier, vol. 58(C), pages 403-412.
    138. Marius Clemens & Ulrich Eydam & Maik Heinemann, 2020. "Inequality over the Business Cycle – The Role of Distributive Shocks," Discussion Papers of DIW Berlin 1852, DIW Berlin, German Institute for Economic Research.
    139. José Victor Rios-Rull, 2002. "Desigualdad, ¿qué sabemos?," Investigaciones Economicas, Fundación SEPI, vol. 26(2), pages 221-254, May.
    140. Daniel R. Carroll & Eric R. Young, 2009. "The Stationary Distribution of Wealth under Progressive Taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 469-478, July.
    141. Toshiki Tamai, 2015. "Redistributive taxation, wealth distribution, and economic growth," Journal of Economics, Springer, vol. 115(2), pages 133-152, June.
    142. Matteo Barigozzi & Lucia Alessi & Marco Capasso & Giorgio Fagiolo, 2008. "The Distribution of Consumption-Expenditure Budget Shares. Evidence from Italian Households," LEM Papers Series 2008/18, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    143. Foellmi, Reto, 2009. "Inequality and Aggregate Savings in the Neoclassical Growth Model," CEPR Discussion Papers 7569, Centre for Economic Policy Research.
    144. Babutsidze, Zakaria, 2009. "Learning How to Consume and Returns to Product Promotion," MERIT Working Papers 2009-018, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
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  33. Kraay, Aart & Ventura, Jaume, 1995. "Trade and fluctuations," Policy Research Working Paper Series 1560, The World Bank.

    Cited by:

    1. Kraay, Aart & Ventura, Jaume, 1997. "Current accounts in debtor and creditor countries," Policy Research Working Paper Series 1825, The World Bank.
    2. Maswana, Jean-Claude, 2010. "Will China’s Recovery Affect Africa’s Prospects for Economic Growth?," Working Papers 19, JICA Research Institute.
    3. Jean IMBS, 1998. "Co-Fluctuations," Cahiers de Recherches Economiques du Département d'économie 9819, Université de Lausanne, Faculté des HEC, Département d’économie.
    4. Driscoll, John & Kraay, Aart, 1995. "Spatial correlations in panel data," Policy Research Working Paper Series 1553, The World Bank.
    5. Kraay, Aart & Ventura, Jaume, 1998. "Comparative advantage and the cross-section of business cycles," Policy Research Working Paper Series 1948, The World Bank.

  34. Everaert, Luc & Garcia-Pinto, Fernando & Ventura, Jaume, 1990. "A RMSM-X model for Turkey," Policy Research Working Paper Series 486, The World Bank.

    Cited by:

    1. Servern, Luis, 1990. "A RMSM-X (Revised Minimum Standard Model) for Chile," Policy Research Working Paper Series 508, The World Bank.
    2. Brixen, Peter & Tarp, Finn, 1994. "A Simple Macroeconomic Framework for South Africa," MPRA Paper 62280, University Library of Munich, Germany.
    3. Gachet, Ivan & Girjalva, Diego & Rivadeneira, Ana & Uribe, Carlos, 2007. "Un Marco de Consistencia Macroeconómica para la Economía Ecuatoriana: Un Regreso a los Fundamentos [Macroeconomic Consistency Framework for the Ecuadorian Economy: Getting Back to Fundamentals]," MPRA Paper 16799, University Library of Munich, Germany.

Articles

  1. Aart Kraay & Norman Loayza & Luis Servén & Jaume Ventura, 2005. "Country Portfolios," Journal of the European Economic Association, MIT Press, vol. 3(4), pages 914-945, June.
    See citations under working paper version above.
  2. Jaume Ventura, 2003. "Towards a Theory of Current Accounts," The World Economy, Wiley Blackwell, vol. 26(4), pages 483-512, April.
    See citations under working paper version above.
  3. Kraay, Aart & Ventura, Jaume, 2002. "Trade integration and risk sharing," European Economic Review, Elsevier, vol. 46(6), pages 1023-1048, June.
    See citations under working paper version above.
  4. Jaume Ventura & Francesco Caselli, 2000. "A Representative Consumer Theory of Distribution," American Economic Review, American Economic Association, vol. 90(4), pages 909-926, September.
    See citations under working paper version above.
  5. Ventura, Jaume, 1997. "Fertility, income distribution and economic growth: Theory and cross-country evidence: Comments," Japan and the World Economy, Elsevier, vol. 9(2), pages 231-234, May.

    Cited by:

    1. Marjit, Sugata, 2014. "Virtual Trade and Growth," MPRA Paper 60831, University Library of Munich, Germany.
    2. Sugata Marjit & Biswajit Mandal, 2016. "Virtual Trade between Separated Time Zones and Growth," Discussion Papers Series 560, School of Economics, University of Queensland, Australia.

Chapters

  1. Marta A. Santamaría & Jaume Ventura & Uğur Yeşilbayraktar, 2022. "Exploring European Regional Trade," NBER Chapters, in: NBER International Seminar on Macroeconomics 2022, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Aart Kraay & Jaume Ventura, 2007. "The Dot-Com Bubble, the Bush Deficits, and the US Current Account," NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 457-496, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  3. Ventura, Jaume, 2005. "A Global View of Economic Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 22, pages 1419-1497, Elsevier.
    See citations under working paper version above.
  4. Aart Kraay & Jaume Ventura, 2003. "Current Accounts in the Long and the Short Run," NBER Chapters, in: NBER Macroeconomics Annual 2002, Volume 17, pages 65-112, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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