Gianluca Benigno

London School of Economics & Political Science (LSE) - Department of Economics

Research Associate

Houghton Street

London WC2A 2AE

United Kingdom

SCHOLARLY PAPERS

28

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SSRN CITATIONS
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Top 1,217

in Total Papers Citations

376

CROSSREF CITATIONS

538

Scholarly Papers (28)

1.
Downloads 3,026 ( 4,052)
Citation 15

Monetary Policy Rules and the Exchange Rate

Number of pages: 61 Posted: 30 Jul 2000
Gianluca Benigno and Pierpaolo Benigno
London School of Economics & Political Science (LSE) - Department of Economics and Luiss Guido Carli University
Downloads 3,001 (4,032)
Citation 30

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Monetary Policy Rules and the Exchange Rate

Number of pages: 63 Posted: 30 May 2001
Gianluca Benigno and Pierpaolo Benigno
London School of Economics & Political Science (LSE) - Department of Economics and Luiss Guido Carli University
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Monetary policy rules, exchange rate regimes, welfare criterion

2.

Real Exchange Rate Persistence and Monetary Policy Rules

Number of pages: 54 Posted: 29 Jan 2001
Gianluca Benigno
London School of Economics & Political Science (LSE) - Department of Economics
Downloads 1,334 (15,619)
Citation 15

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PPP Puzzle, monetary rules

3.

Equilibrium Exchange Rates and Supply-Side Performance

Bank of England Working Paper No. 156
Number of pages: 39 Posted: 11 Feb 2003
Christoph Thoenissen and Gianluca Benigno
University of St. Andrews - School of Management and London School of Economics & Political Science (LSE) - Department of Economics
Downloads 867 (29,484)
Citation 20

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Real exchange rates, PPP, monopolistic competition

4.
Downloads 300 (110,864)
Citation 1

The Global Financial Resource Curse

FRB of New York Staff Report No. 915
Number of pages: 40 Posted: 21 Feb 2020
Gianluca Benigno, Luca Fornaro and Martin Wolf
London School of Economics & Political Science (LSE) - Department of Economics, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and University of Vienna - Department of Economics
Downloads 300 (110,224)

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global productivity growth, international financial integration, capital flows, U.S. productivity growth slowdown, low global interest rates, Bretton Woods II, export-led growth

The Global Financial Resource Curse

CEPR Discussion Paper No. DP14441
Number of pages: 50 Posted: 03 Mar 2020 Last Revised: 08 Mar 2020
Gianluca Benigno, Luca Fornaro and Martin Wolf
London School of Economics & Political Science (LSE) - Department of Economics, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and University of Vienna - Department of Economics
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Citation 1
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5.
Downloads 208 (160,227)
Citation 3

Optimal Policy for Macro-Financial Stability

IDB Working Paper No. IDB-WP-361
Number of pages: 55 Posted: 21 Apr 2013
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and Inter-American Development Bank (IDB)
Downloads 127 (244,584)

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Optimal Policy for Macro-Financial Stability

FRB of St. Louis Working Paper No. 2012-041A
Number of pages: 49 Posted: 20 Oct 2012
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 33 (505,415)

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Capital Controls, Exchange Rate Policy, Financial Frictions, Financial Crises, Macro-Financial Stability, Macro-Prudential Policies

Optimal Policy for Macro-Financial Stability

Number of pages: 34 Posted: 11 Aug 2019 Last Revised: 20 Feb 2020
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 32 (510,795)

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Constrained efficiency, Financial crises, Macroprudential policies and capital controls, Pecuniary externalities, Ramsey optimal policy, Social planner

Optimal Policy for Macro-Financial Stability

FRB of New York Staff Report No. 899, October 2019
Number of pages: 26 Posted: 21 Oct 2019
London School of Economics & Political Science (LSE) - Department of Economics, Uber Technologies, Inc., University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 12 (645,437)

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constrained efficiency, financial crises, macroprudential policies and capital controls, pecuniary externalities, Ramsey optimal policy, social planner

Optimal Policy for Macro-Financial Stability

CEPR Discussion Paper No. DP9223
Number of pages: 41 Posted: 01 Feb 2013
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
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Bailouts, Capital Controls, Exchange Rate Policy, Financial Crises, Financial Frictions, Macro-Financial Stability, Macro-Prudential Policies

Optimal Policy for Macro-Financial Stability

NBER Working Paper No. w26397
Number of pages: 27 Posted: 30 Oct 2019
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 2 (728,739)
Citation 1
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Capital Controls or Real Exchange Rate Policy? A Pecuniary Externality Perspective

IDB Working Paper No. IDB-WP-393
Number of pages: 33 Posted: 06 Jun 2013
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, Johns Hopkins University - Carey Business School, University of Missouri and Inter-American Development Bank (IDB)
Downloads 94 (303,040)
Citation 5

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Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective

FRB of St. Louis Working Paper No. 2012-025A
Number of pages: 27 Posted: 02 Aug 2012
London School of Economics & Political Science (LSE) - Department of Economics, University of Missouri, Johns Hopkins University - Carey Business School, University of Virginia and MarketShare Partners
Downloads 56 (407,522)
Citation 9

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Capital Controls, Exchange Rate Policy, Financial Frictions, Financial Crises, Financial Stability, Optimal Taxation, Prudential Policies, Planning Problem

7.
Downloads 128 (242,309)
Citation 41

Stagnation Traps

CAMA Working Paper No. 22/2017
Number of pages: 60 Posted: 22 Mar 2017
Gianluca Benigno and Luca Fornaro
London School of Economics & Political Science (LSE) - Department of Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 128 (243,200)
Citation 11

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Secular Stagnation, Liquidity Traps, Growth Traps, Endogenous Growth, Multiple Equilibria

Stagnation Traps

CEPR Discussion Paper No. DP11074
Number of pages: 52 Posted: 02 Feb 2016
Gianluca Benigno and Luca Fornaro
London School of Economics & Political Science (LSE) - Department of Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 20
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endogenous growth, growth traps, liquidity traps, multiple equilibria, secular stagnation

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime Switching Approach

Number of pages: 70 Posted: 28 Oct 2019 Last Revised: 27 Mar 2020
London School of Economics & Political Science (LSE) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
Downloads 112 (268,619)
Citation 4

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COVID-19, Financial Crises, Business Cycles, Endogenous Regime-Switching, Bayesian Estimation, Occasionally Binding Constraints, Mexico

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach

NBER Working Paper No. w26935
Number of pages: 72 Posted: 06 Apr 2020
London School of Economics & Political Science (LSE) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
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Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach

CEPR Discussion Paper No. DP14545
Number of pages: 75 Posted: 08 May 2020
London School of Economics & Political Science (LSE) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
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Bayesian estimation, business cycles, Endogenous Regime-Switching, financial crises, Mexico, occasionally binding constraints

Consumption and Real Exchange Rates With Incomplete Markets and Non-Traded Goods

CDMA Conference Paper No. 0405
Number of pages: 32 Posted: 11 Oct 2007
Gianluca Benigno and Christoph Thoenissen
London School of Economics & Political Science (LSE) - Department of Economics and University of St. Andrews - School of Management
Downloads 86 (320,864)
Citation 12

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Consumption-real exchange rate anomaly, incomplete financial markets, non-traded goods.

Consumption and Real Exchange Rates with Incomplete Markets and Non-Traded Goods

CEPR Discussion Paper No. 5580
Number of pages: 40 Posted: 28 Jun 2006
Gianluca Benigno and Christoph Thoenissen
London School of Economics & Political Science (LSE) - Department of Economics and University of St. Andrews - School of Management
Downloads 21 (579,732)
Citation 10
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Consumption-real exchange rate anomaly, incomplete financial markets, non-traded goods

10.
Downloads 99 (290,958)
Citation 71

Financial Crises and Macro-Prudential Policies

IDB Working Paper No. 83
Number of pages: 49 Posted: 25 Apr 2011
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and Inter-American Development Bank (IDB)
Downloads 93 (305,168)
Citation 82

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Financial Crisis and Macro-Prudential Policies

CEPR Discussion Paper No. DP8175
Number of pages: 53 Posted: 18 Jan 2011
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
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Bailouts, Capital Controls, Crises, Financial Frictions, Macro Prudential Policies, Overborrowing

11.

Designing Targeting Rules for International Monetary Policy Cooperation

Number of pages: 47 Posted: 19 Jan 2004
Gianluca Benigno and Pierpaolo Benigno
London School of Economics & Political Science (LSE) - Department of Economics and Luiss Guido Carli University
Downloads 97 (294,770)
Citation 11

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Monetary policy cooperation, sticky prices, welfare analysis, targeting rules, inflation target

12.

On the Consumption-Real Exchange Rate Anomaly

Number of pages: 32 Posted: 19 May 2005
Gianluca Benigno and Christoph Thoenissen
London School of Economics & Political Science (LSE) - Department of Economics and University of St. Andrews - School of Management
Downloads 93 (302,869)
Citation 1

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Consumption-real exchange rate anomaly, incomplete financial markets, non-traded goods

Revisiting the Commodity Curse: A Financial Perspective

BIS Working Paper No. 609
Number of pages: 55 Posted: 08 Feb 2017
Enrique Alberola and Gianluca Benigno
Bank for International Settlements (BIS) and London School of Economics & Political Science (LSE) - Department of Economics
Downloads 27 (539,570)

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Commodity Resource Curse, Dutch-Disease, Financial Openness, Endogenous Growth

Revisiting the Commodity Curse: A Financial Perspective

CAMA Working Paper No. 14/2017
Number of pages: 54 Posted: 14 Feb 2017
Enrique Alberola and Gianluca Benigno
Bank for International Settlements (BIS) and London School of Economics & Political Science (LSE) - Department of Economics
Downloads 21 (579,732)

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Commodity Resource Curse, Dutch-Disease, Financial Openness, Endogenous Growth

Revisiting the Commodity Curse: A Financial Perspective

NBER Working Paper No. w23169
Number of pages: 53 Posted: 27 Feb 2017
Enrique Alberola and Gianluca Benigno
Bank for International Settlements (BIS) and London School of Economics & Political Science (LSE) - Department of Economics
Downloads 7 (683,916)
Citation 1

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14.
Downloads 45 (441,135)
Citation 13

Revisiting Overborrowing and its Policy Implications

IDB Working Paper No. 60
Number of pages: 43 Posted: 21 Apr 2011
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 41 (466,878)
Citation 15

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Revisiting Overborrowing and its Policy Implications

CEPR Discussion Paper No. DP7872
Number of pages: 45 Posted: 19 Jul 2010
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 4 (708,086)
Citation 1
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Bailouts, Financial Frictions, Macro Prudential Policies, Overborrowing

15.

Implementing Monetary Cooperation Through Inflation Targeting

Number of pages: 29 Posted: 14 Mar 2002
Gianluca Benigno and Pierpaolo Benigno
London School of Economics & Political Science (LSE) - Department of Economics and Luiss Guido Carli University
Downloads 31 (503,054)
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International monetary cooperation, monetary delegation

Large Capital Inflows, Sectoral Allocation, and Economic Performance

FRB International Finance Discussion Paper No. 1132
Number of pages: 52 Posted: 25 Apr 2015
Gianluca Benigno, Nathan Converse and Luca Fornaro
London School of Economics & Political Science (LSE) - Department of Economics, Board of Governors of the Federal Reserve System and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 25 (552,514)

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Capital Flows, Surges, Sectoral Allocation, Sudden Stops

Large Capital Inflows, Sectoral Allocation and Economic Performance

CEPR Discussion Paper No. DP10554
Number of pages: 47 Posted: 27 Apr 2015
Gianluca Benigno, Nathan Converse and Luca Fornaro
London School of Economics & Political Science (LSE) - Department of Economics, Board of Governors of the Federal Reserve System and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 10
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Capital Flows, Sectoral Allocation, Sudden Stop

17.

Risk, Monetary Policy and the Exchange Rate

NBER Working Paper No. w17133
Number of pages: 55 Posted: 20 Jun 2011
Gianluca Benigno, Pierpaolo Benigno and Salvatore Nisticò
London School of Economics & Political Science (LSE) - Department of Economics, Luiss Guido Carli University and University of Rome I
Downloads 25 (536,398)
Citation 7

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18.

Price Stability as a Nash Equilibrium in Monetary Open-Economy Models

Number of pages: 33 Posted: 18 Apr 2001
Gianluca Benigno and Pierpaolo Benigno
London School of Economics & Political Science (LSE) - Department of Economics and Luiss Guido Carli University
Downloads 25 (536,398)
Citation 11
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Nash equilibrium, open economy, optimal monetary policy, price stability

Second-Order Approximation of Dynamic Models with Time-Varying Risk

NBER Working Paper No. w16633
Number of pages: 25 Posted: 27 Dec 2010
Gianluca Benigno, Pierpaolo Benigno and Salvatore Nistico
London School of Economics & Political Science (LSE) - Department of Economics, Luiss Guido Carli University and affiliation not provided to SSRN
Downloads 19 (593,845)

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Second Order Approximation of Dynamic Models with Time-Varying Risk

CEPR Discussion Paper No. DP8177
Number of pages: 27 Posted: 18 Jan 2011
Gianluca Benigno, Pierpaolo Benigno and Salvatore Nistico
London School of Economics & Political Science (LSE) - Department of Economics, Luiss Guido Carli University and affiliation not provided to SSRN
Downloads 3 (717,328)
Citation 1
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second order approximation, stochastic volatility and uncertainty

20.

Credible Emerging Market Central Banks Could Embrace Quantitative Easing to Fight COVID-19

CEPR Policy Portal 2020
Number of pages: 6 Posted: 07 Jul 2020
London School of Economics & Political Science (LSE) - Department of Economics, Harvard University, Harvard Kennedy School (HKS), Students, Bruegel, Johns Hopkins University - Carey Business School and Institute of International Finance
Downloads 16 (593,291)

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21.

Uncertainty about Trade Policy Uncertainty

FRB of New York Staff Report No. 919
Number of pages: 15 Posted: 25 Mar 2020
Gianluca Benigno and Jan J. Groen
London School of Economics & Political Science (LSE) - Department of Economics and Federal Reserve Bank of New York
Downloads 13 (613,597)

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uncertainty, trade policy, business sentiment

22.

Adjusting to Capital Account Liberalization

CEPR Discussion Paper No. DP8087
Number of pages: 69 Posted: 29 Nov 2010
Kosuke Aoki, Gianluca Benigno and Nobuhiro Kiyotaki
University of Tokyo, London School of Economics & Political Science (LSE) - Department of Economics and Princeton University - Department of Economics
Downloads 11 (627,579)
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capital account liberalization, credit frictions, domestic financial markets

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

NBER Working Paper No. w22224
Number of pages: 65 Posted: 09 May 2016
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 8 (676,134)
Citation 1

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Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

CEPR Discussion Paper No. DP9936
Number of pages: 56 Posted: 02 Jun 2014
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
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Citation 22
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Capital Controls, Financial Crises, Financial Frictions, Macro-prudential policies, Pecuniary Externality, Real Exchange Rate

24.

Reserve Accumulation, Growth and Financial Crises

CEPR Discussion Paper No. DP9224
Number of pages: 34 Posted: 01 Feb 2013
Gianluca Benigno and Luca Fornaro
London School of Economics & Political Science (LSE) - Department of Economics and London School of Economics & Political Science (LSE)
Downloads 6 (663,186)
Citation 2
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financial crises, foreign reserve accumulation, gross capital flows, growth

25.
Downloads 3 (686,297)
Citation 19

The Financial Resource Curse

CEPR Discussion Paper No. DP9489
Number of pages: 29 Posted: 30 May 2013
Gianluca Benigno and Luca Fornaro
London School of Economics & Political Science (LSE) - Department of Economics and London School of Economics & Political Science (LSE)
Downloads 3 (717,328)
Citation 4
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capital controls, capital flows, endogenous growth, the financial resource curse

The Financial Resource Curse

The Scandinavian Journal of Economics, Vol. 116, Issue 1, pp. 58-86, 2014
Number of pages: 29 Posted: 31 Dec 2013
Gianluca Benigno and Luca Fornaro
London School of Economics & Political Science (LSE) - Department of Economics and London School of Economics & Political Science (LSE)
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Capital controls, capital flows, endogenous growth

26.

On the International Dimension of Fiscal Policy

CEPR Discussion Paper No. DP7232
Number of pages: 38 Posted: 07 Apr 2009
Gianluca Benigno and Bianca De Paoli
London School of Economics & Political Science (LSE) - Department of Economics and London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)
Downloads 3 (686,297)
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fiscal policy, optimal policy, small open economy

27.

Portfolio Allocation and International Risk Sharing - Allocation Optimale Du Portefeuille Et Partage International Du Risque

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 45, Issue 2, pp. 535-565, 2012
Number of pages: 31 Posted: 04 May 2012
Gianluca Benigno and Hande Küçük
London School of Economics & Political Science (LSE) - Department of Economics and London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)
Downloads 1 (708,574)
Citation 2
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28.

Portfolio Allocation and International Risk Sharing

CEPR Discussion Paper No. DP8810
Number of pages: 38 Posted: 01 Mar 2012
Gianluca Benigno and Hande Kucuk-Tuger
London School of Economics & Political Science (LSE) - Department of Economics and Government of the Republic of Turkey - Research and Monetary Policy Department
Downloads 1 (708,574)
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Consumption-Real Exchange Rate anomaly, Incomplete Financial Markets, International Risk Sharing, Portfolio choice