The Role of Nonseparable Utility and Nontradeables in International Business Cycles and Portfolio Choice /
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. Unlike previous results in literature, the optimal portfolio of the traded-good sector equities is no l...
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2007/163 |
| Online Zugang: | Full text available on IMF |