International Macro-Finance

22 Pages Posted: 31 Jan 2011

See all articles by Anna Pavlova

Anna Pavlova

London Business School; Centre for Economic Policy Research (CEPR)

Roberto Rigobon

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Multiple version iconThere are 3 versions of this paper

Date Written: January 2011

Abstract

International macro-finance is a new area of open economy macroeconomics that brings portfolio choice and asset pricing considerations into models of international macroeconomics. The importance of these considerations -- typically relegated to Finance and largely overlooked in traditional macroeconomics -- for the international macroeconomy have been underscored by a series of recent financial crises and by unprecedented global imbalances. In this paper, we survey recent developments in this area, primarily on the theoretical front. We also suggest several promising directions for future research.

Keywords: asset pricing, equity prices, international macroeconomics, international portfolios

JEL Classification: F31, F36, G12, G15

Suggested Citation

Pavlova, Anna and Rigobon, Roberto, International Macro-Finance (January 2011). CEPR Discussion Paper No. DP8218, Available at SSRN: https://ssrn.com/abstract=1749859

Anna Pavlova (Contact Author)

London Business School ( email )

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HOME PAGE: http://https://www.anna-pavlova.co.uk/

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Roberto Rigobon

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

E52-447
Cambridge, MA 02142
United States
617-258-8374 (Phone)
617-258-6855 (Fax)

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