bandeau

Publications

 

  • “When Bonds Matter: Home Bias in Goods and Assets”, with Pierre-Olivier Gourinchas, revised version April 2016 [pdf]. Journal of Monetary Economics, forthcoming.
  • “Credit Constraints and Growth in a Global Economy”, with Stephane Guibaud and Keyu Jin, 2015. American Economic Review, 105(9): 2838-81. [pdf] . Also CEPR DP 9109 [Media coverage: Project syndicate, South China morning post. link. see also a short interview link]
  • “Fertility Policies and Social Security Reforms in China”, with Stéphane Guibaud and Keyu Jin, 2014,  IMF Economic Review, 62(3), 371-408. [pdf].
  • “A Dynamic Equilibrium of Imperfectly Integrated Financial Markets”, with Stéphane Guibaud and Harjoat Bhamra, 2014, Journal of Economic Theory, 54, 490-542. [pdf].
  • “Home bias in Open Economy Financial Macroeconomics”, with Helene Rey, 2013 [pdf]. Journal of Economic Literature, 51(1), 63-115. [Teaching Slides]
  • “The Risky Steady State”, with Hélène Rey and Pablo Winant, 2011, American Economic Review, Papers and Proceedings. [pdf].  Longer version as CEPR DP 8751.
  • “International Portfolios, Capital Accumulation and Foreign Assets Dynamics”, with Philippe Martin and Robert Kollmann, 2010, Journal of International Economics, 80 (1), p 100-112 [pdf & Appendix]
  • “Do trade costs in goods market lead to home bias in equities?”, February 2009, Journal of International Economics, 77, p 86-100 [link]. CEPR Discussion Paper 6991 [pdf]
  • “The Geography of Trade in Goods and Asset Holdings”, with Antonin Aviat, March 2007, Journal of International Economics, 71, p 22-51. [link]
  • “International Portfolio Diversification Is Better Than You Think”, with Stéphane Guibaud, March 2011, Journal of International Money and Finance, vol. 30 (2), p 289-308. [pdf]
  • “International portfolios with supply, demand and redistributive shocks”, with Philippe Martin and Robert Kollmann, 2007. CEPR Discussion Paper 6482 [pdf]. NBER International Seminar on Macroeconomics (ISOM) 2007. University of Chicago Press, edited by R. H. Clarida and F. Giavazzi.
  • “Cross-Border Mergers and Acquisitions and European Integration”, with Roberto A. de Santis and Antonin Aviat, January 2009. Economic Policy, vol. 24 (57), p 55-106 [link].
  • “The Geography of Asset Trade and the Euro: Insiders and Outsiders”, with Philippe Martin, 2009. Prepared for the NBER-TCER-CEPR, TRIO Conference, Tokyo, September 2007. CEPR Discussion Paper 6032. Journal of the Japanese and International Economies, Volume 23, Issue 2, p90-113 [pdf]. [Media coverage: VOX]