Solving the Feldstein-Horioka Puzzle With Financial Frictions

DOI10.3982/ECTA6619zbMath1229.91267OpenAlexW1870912318MaRDI QIDQ3564692

Yan Bai, Jing Zhang

Publication date: 26 May 2010

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta6619

zbMATH Keywords

investmentFeldstein-Horiokafinancial frictionslimited enforcementsavingsinternational capital flows

Mathematics Subject Classification ID

Statistical methods; economic indices and measures (91B82)

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Home production and small open economy business cycles ⋮ On the savings wedge in international capital flows ⋮ Financial integration, savings gluts, and asset price booms ⋮ Capital mobility in commodity-exporting economies ⋮ NUMERICAL SIMULATION OF NONOPTIMAL DYNAMIC EQUILIBRIUM MODELS ⋮ On the sovereign debt paradox ⋮ Endogenous borrowing constraints and stagnation in Latin America ⋮ Endogenous trading constraints with incomplete asset markets

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