Abstract

http://ssrn.com/abstract=1267251
 
 

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Citations (2)



 


 



On the Existence of the Exchange Rate When Agents Have Complete Home Bias and Non-Time Separable Preferences


Riccardo Colacito


University of North Carolina Kenan-Flagler Business School

November 27, 2006


Abstract:     
Colacito and Croce (2006) study the dynamics of the growth rate of the real exchange rate, when the preferences of the representative consumers in the two countries are defined only over the domestic good and characterized by non-time separability a la Epstein and Zin (1989). This paper shows that an equilibrium of this economy exists in which exchange rates are well defined and it can be interpreted as the limiting case of an economy in which preferences are defined over both domestic and foreign goods.

Number of Pages in PDF File: 9

JEL Classification: C62, F31, G12

working papers series


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Date posted: September 14, 2008  

Suggested Citation

Colacito, Riccardo, On the Existence of the Exchange Rate When Agents Have Complete Home Bias and Non-Time Separable Preferences (November 27, 2006). Available at SSRN: http://ssrn.com/abstract=1267251 or http://dx.doi.org/10.2139/ssrn.1267251

Contact Information

Riccardo Colacito (Contact Author)
University of North Carolina Kenan-Flagler Business School ( email )
Kenan-Flagler Business School
Chapel Hill, NC 27599-3490
United States
HOME PAGE: http://www.unc.edu/~colacitr

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