Time-Varying Preferences and International Capital Markets

Projekt Start:01/2016
Forscher:Giuliano Curatola, Ilya Dergunov
Kategorie: Household Finance, Financial Markets
Finanziert von:LOEWE

Standard asset pricing models assume that individual preferences are exogenous and constant over time. Differently, intuition and anecdotal evidence suggest that individual preferences may evolve over time for many reasons. The main goal of this research project is to study the implications of preference evolution for the dynamics of international capital markets. In addition we would like to provide empirical evidence in favour of the mechanism of preference evolution.

Zugehörige Working Papers

176Giuliano Curatola, Ilya DergunovInternational Capital Markets with Time-Varying Preferences2017 Household Finance, Financial Markets Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice