How Long to Read The International Diversification Puzzle when Goods Prices Are Sticky

How Long Does it Take to Read The International Diversification Puzzle when Goods Prices Are Sticky?

It takes the average reader and 50 minutes to read The International Diversification Puzzle when Goods Prices Are Sticky by Mr.Charles Engel

Assuming a reading speed of 250 words per minute. Learn more

Description

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 sticky. Trade in these assets achieves the same allocations as trade in a complete set of nominal state-contingent claims in our linearized model. When there is a high degree of price stickiness, we show that not much equity diversification is required to replicate the complete-markets equilibrium when agents are able to hedge foreign exchange risk sufficiently. Moreover, temporarily sticky nominal goods prices can have large effects on equity portfolios even when dividend processes are very persistent.

How long is The International Diversification Puzzle when Goods Prices Are Sticky?

The International Diversification Puzzle when Goods Prices Are Sticky by Mr.Charles Engel is 49 pages long, and a total of 12,691 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read The International Diversification Puzzle when Goods Prices Are Sticky Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read The International Diversification Puzzle when Goods Prices Are Sticky aloud.

What Reading Level is The International Diversification Puzzle when Goods Prices Are Sticky?

The International Diversification Puzzle when Goods Prices Are Sticky is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The International Diversification Puzzle when Goods Prices Are Sticky?

The International Diversification Puzzle when Goods Prices Are Sticky by Mr.Charles Engel is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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