 | Energy, Efficiency Gains and Economic Development: When Will Global Energy Demand Saturate? Author/Editor: Christian Bogmans, Lama Kiyasseh, Akito Matsumoto, Andrea Pescatori. Release Date:November, 2020 Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per more...
| Price: $18.00
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 | The Future of Oil and Fiscal Sustainability in the GCC Region Author/Editor: Tokhir N Mirzoev, Ling Zhu, Yang Yang, Tian Zhang, Erik Roos, Andrea Pescatori, Akito Matsumoto. Release Date:February, 2020 The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually more...
| Price: $20.00
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| Oil Prices and the Global Economy Author/Editor: Rabah Arezki, Zoltan Jakab, Douglas Laxton, Akito Matsumoto, Armen Nurbekyan, Hou Wang, Jiaxiong Yao. Release Date:January, 2017 This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of more...
| Price: $18.00
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| Global Liquidity : Availability of Funds for Safe and Risky Assets Author/Editor: Akito Matsumoto. Release Date:June, 2011 What is global liquidity and how does it affect an economy? The paper addresses that question by looking at liquidity from two different perspectives: global liquidity as availability of funds in more...
| Price: $18.00
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| New Shocks and Asset Price Volatility in General Equilibrium Author/Editor: Alessandro Rebucci, Akito Matsumoto, Pietro Cova, Massimiliano Pisani. Release Date:May, 2011 We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy. As West (1988) shows, in a partial equilibrium present discounted value model, more...
| Price: $18.00
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| International Risk Sharing During the Globalization Era Author/Editor: Akito Matsumoto, Robert P. Flood, Nancy P. Marion. Release Date:September, 2009 Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries more...
| Price: $18.00
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| International Risk Sharing : Through Equity Diversification or Exchange Rate Hedging? Author/Editor: Akito Matsumoto, Charles Engel. Release Date:July, 2009 Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk more...
| Price: $18.00
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| The International Diversification Puzzle when Goods Prices Are Sticky : It's Really About Exchange-Rate Hedging, not Equity Portfolios Author/Editor: Akito Matsumoto, Charles Engel. Release Date:January, 2009 This paper develops a two-country monetary DSGE model in which households choose a portfolio of home and foreign equities, and a forward position in foreign exchange. Some nominal goods prices are more...
| Price: $18.00
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| New Shocks, Exchange Rates and Equity Prices Author/Editor: Pietro Cova, Alessandro Rebucci, Akito Matsumoto, Massimiliano Pisani. Release Date:December, 2008 We study exchange rate and equity price dynamics, in general equilibrium, in the presence of news shocks about future productivity and monetary policy. We identify a condition under which these asset more...
| Price: $18.00
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| The Role of Nonseparable Utility and Nontradeables in International Business Cycles and Portfolio Choice Author/Editor: Akito Matsumoto. Release Date:July, 2007 This paper analyzes the role of nonseparable utility and nontradables in business cycles and portfolio choice. I find that nonseparability in utility can change the portfolio choice significantly. more...
| Price: $18.00
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