International Macro-Finance

20 Pages Posted: 15 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: December 22, 2010

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: International Macroeconomics, Asset Pricing, International Macro-Finance, International Portfolios, Equity Prices

JEL Classification: G12, G15, F31, F36

Suggested Citation

Pavlova, Anna and Rigobon, Roberto, International Macro-Finance (December 22, 2010). Available at SSRN: https://ssrn.com/abstract=1739708 or http://dx.doi.org/10.2139/ssrn.1739708

Anna Pavlova (Contact Author)

London Business School ( email )

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Centre for Economic Policy Research (CEPR)

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United Kingdom

Roberto Rigobon

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

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

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