NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

International Macro-Finance

Anna Pavlova, Roberto Rigobon

NBER Working Paper No. 16630
Issued in December 2010
NBER Program(s):   IFM

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.

download in pdf format
   (126 K)

email paper

This paper is available as PDF (126 K) or via email.

Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w16630

Published: “International Macro-Finance” (with R. Rigobon), in: G. Caprio, ed., 2013, Handbook of Safeguarding Global Financial Stability: Political, Social, Cultural, and Economic Theories and Models, Vol. 2, pp. 169-176, Oxford: Elsevier Inc.

Users who downloaded this paper also downloaded these:
Svensson w16654 Inflation Targeting
Broner and Ventura w16640 Rethinking the Effects of Financial Liberalization
Jordà, Schularick, and Taylor w16567 Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons
Luzzetti and Ohanian w16631 The General Theory of Employment, Interest, and Money After 75 Years: The Importance of Being in the Right Place at the Right Time
Didier, Rigobon, and Schmukler w16629 Unexploited Gains from International Diversification: Patterns of Portfolio Holdings Around the World
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us